A dominant strategy equilibrium is a specific type of Nash equilibrium. It occurs when all players in the game are playing their dominant strategies.
Conditions: All players must have and play a dominant strategy for it to be a dominant strategy equilibrium.; A Nash equilibrium only requires mutual best responses, which may or may not be dominant strategies.
A dominant strategy equilibrium is a specific type of Nash equilibrium. It occurs when all players in the game are playing their dominant strategies.
Conditions: All players must have and play a dominant strategy for it to be a dominant strategy equilibrium.; A Nash equilibrium only requires mutual best responses, which may or may not be dominant strategies.