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    Managerial Economics and Strategy Study Set 2
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    Exam 12: Game Theory and Business Strategy
  5. Question
    If You Take a Maximin Strategy
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If You Take a Maximin Strategy

Question 3

Question 3

Multiple Choice

If you take a maximin strategy,


A) you are irrational according to economic definition.
B) you are ensuring that the other player gets the worst possible outcome.
C) you are getting the best possible outcome given that the other player does the thing that's worst for you.
D) then both players are doing the best they can given the payoffs in the game.

Correct Answer:

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