When a player randomly chooses the strategy to play, with each strategy given a fixed probability of being chosen, we say that the player is using
a. a mixed strategy.
b. a pure strategy.
c. a dominant strategy.
d. a Stackelberg strategy.
a. a mixed strategy.
Economics
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Refer to Figure 6-2. The absolute value of the price elasticity of demand at points a and b is 1. What is the value of Pb?
A) $50 B) $40 C) $30 D) $20
Economics
Which of the following countries has not experienced hyperinflation in the twentieth century?
a. Germany b. Russia c. Argentina d. United States
Economics