Strategic Dominance
In game theory, dominant strategy (commonly called simply dominance) occurs when one strategy is better than another strategy for one player, no matter how that player's opponents may play. Many simple games can be solved using dominance. The opposite, intransitivity, occurs in games where one strategy may be better or worse than another strategy for one player, depending on how the player's opponents may play.
Read more about Strategic Dominance: Terminology, Mathematical Definition, Dominance and Nash Equilibria, Iterated Elimination of Dominated Strategies (IEDS)
Famous quotes containing the words strategic and/or dominance:
“If the technology cannot shoulder the entire burden of strategic change, it nevertheless can set into motion a series of dynamics that present an important challenge to imperative control and the industrial division of labor. The more blurred the distinction between what workers know and what managers know, the more fragile and pointless any traditional relationships of domination and subordination between them will become.”
—Shoshana Zuboff (b. 1951)
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—Betty Friedan (b. 1921)