What is meant by a mixed strategy?
A)A mixed strategy refers to two or more pure strategies,each with fixed probabilities.
B)A mixed strategy is a course of action chosen by a player with certainty.
C)A mixed strategy is a player's best response to any strategy that the other player might pick.
D)A mixed strategy refers to the moves made by a player in a repeated game.
E)A mixed strategy refers to the moves made by players in a cooperative game.

Question

Quizplus · Accepted Answer

A mixed strategy involves choosing two or more pure strategies with fixed probabilities, where the player selects each strategy randomly according to those probabilities. This introduces an element of unpredictability into the game and can make it more difficult for opponents to guess the player's next move. Option B is incorrect because a mixed strategy involves some element of uncertainty. Option C is incorrect because a best response refers to the strategy that maximizes a player's payoff given the other player's strategy, not the mixed strategy itself. Option D is incorrect because a mixed strategy is not specific to repeated games. Option E is incorrect because a mixed strategy is not relevant to cooperative games, where players work together to achieve a common goal.

What Is Meant by a Mixed Strategy