Asked by Meliza Acosta on May 02, 2024
Verified
If a game does not have an equilibrium in pure strategies, then it will not have an equilibrium in mixed strategies either.
Mixed Strategies
In game theory, a strategy that allows for the randomization of choices among different options to achieve a certain outcome.
Pure Strategies
In game theory, a pure strategy is an action chosen by a player where they select a specific move to follow in every possible situation within a game.
- Highlight the differences between pure and mixed strategy equilibria in gaming scenarios.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
False
Explanation :
A game that does not have an equilibrium in pure strategies may still have an equilibrium in mixed strategies. Mixed strategies involve players randomizing over their actions, allowing for equilibrium in games where no pure strategy equilibrium exists.
Learning Objectives
- Highlight the differences between pure and mixed strategy equilibria in gaming scenarios.