The payoff value for which each player in a game always selects the same strategy is called the
Question
Solution
The payoff value for which each player in a game always selects the same strategy is called the "dominant strategy equilibrium."
Here are the steps to understand this concept:
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In game theory, a player's strategy is any of the options they can choose in a setting where the outcome depends not only on their own actions but also on the actions of others.
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A dominant strategy is a strategy that is the best choice for a player, no matter what strategies the other players choose.
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If every player has a dominant strategy, and if each player plays their dominant strategy, then the outcome of the game is called the dominant strategy equilibrium.
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In other words, a dominant strategy equilibrium is a situation in a game where every player chooses their dominant strategy, and no player can benefit from deviating from their strategy assuming the other players keep theirs unchanged.
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Therefore, the payoff value for which each player in a game always selects the same strategy is called the dominant strategy equilibrium.
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