Explain why to some game theorists, the idea of mixed strategies is appealing, and to others it is implausible
What will be an ideal response?
Sometimes the pure Nash equilibria call for identical firms to use different strategies. With mixed strategies where firms choose between possible actions with given probabilities, identical firms may use the same strategies, which is logically appealing. However, some theorists do not agree with the assignment of probabilities, and claim that mixed strategies are implausible because firms do not randomly select strategies. They suggest that a firm may use some information that its rival does not observe to choose a pure strategy.
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