Use the following statements to answer this question: I. If mixed strategies are allowed, every game has at least one Nash equilibrium.
II) The maximin strategy is optimal in the game of "matching pennies."
A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

Question

Quizplus · Accepted Answer

I is true because according to Nash's theorem, every finite game has at least one Nash equilibrium, which may involve mixed strategies. II is false because in "matching pennies," the maximin strategy is not optimal; the game is zero-sum and involves pure strategy Nash equilibria, not a maximin approach.

Use the Following Statements to Answer This Question: I