Lecture 6

Question 1

when instead of choosing a given strategy to play for sure, a player chooses to alternative among strategies given some probability of each, we say that this player is using a?

Answer 1

mixed strategy

Question 2

If no mixed strategy is used, then the player is using

Answer 2

pure strategies

Question 3

When a player is playing a mixed strategy, the relevant payoff for the other player is the

Answer 3

expected payoff

Question 4

the expected player in a finite game is simply?

Answer 4

the weighted average of the payoffs, with the weights given by the adequate probabilities

Question 5

Can a pure strategy be dominated by a mixed strategy?

Answer 5

Yes

Question 6

If a player is playing a mixed strategy in equilibrium, then the player needs

Answer 6

to be indifferent among the possible options, otherwise there’s no reason to mix

Question 7

Does the definition of a NE change when we’re dealing with mixed strategies?

Answer 7

No