... dominant strategy and should be played by Player One no matter what. A dominant strategy is a strategy that gives you a higher payoff than all of your other strategies, regardless of what your ... of the battle by retreating. Eliminating the option of retreating makes your threat credible and allows you to win a bloodless victory. Cortez, conqueror of the Aztecs, employed this boat-burning ... believe your threat to keep low prices. For example, imagine that others believed that you were irrationally committed to being king of your little hill, and that you would set whatever prices...