Strategic dominance refers to a situation in which one strategy yields better payoffs than any other strategy regardless of what the opponents do. In game theory, identifying and leveraging strategically dominant strategies can decisively influence the outcome of competitive scenarios.

Strategic Dominance

Strategic dominance

better payoffs

Opponents are people or teams who try to win against each other in a game or competition. It's like when you and your friend both want to win a race or a fun game, so you try your best to be faster or smarter.

opponents

Game theory is a mathematical framework used for analyzing strategic interactions where the outcome for each participant depends on the actions of all involved. It provides insights into competitive and cooperative behaviors in economics, politics, and beyond, helping to predict and explain decision-making processes in complex scenarios.

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