00:02
So we need to determine what dominant strategies exist.
00:09
So we need to define what a dominant strategy is.
00:13
It's when a company, or it would be a situation where one player has superior tactics regardless of how the opponent would play.
00:35
Holding all factors constant, the player would enjoy an advantage over the competition.
00:47
And it doesn't matter how other players act.
00:51
So in this case, let's look at a.
00:55
If it chooses low, it can get 900, 820, or 160.
00:59
But then you see if it chooses medium, it already gets more, so it would rather choose medium.
01:06
But then you can see that it ends up being that if b chooses high, then a would get more...