A mixed strategy is a strategy that:
A) results in the highest payoff to a player regardless of the opponent's action.
B) guarantees the highest payoff given the worst possible scenario.
C) describes a set of circumstances in which no player can improve her payoff by unilaterally changing her own strategy, given the other players' strategies.
D) randomizes over two or more available actions in order to keep rivals from being able to predict a player's action.

Question

Quizplus · Accepted Answer

A mixed strategy involves randomizing over available actions in order to make it difficult for rivals to predict a player's action. This can be advantageous in certain situations where predictability can be used against a player. Choices A, B, and C do not accurately describe a mixed strategy.

A Mixed Strategy Is a Strategy That