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

Question

Quizplus · Accepted Answer

A mixed strategy is a strategy where a player randomizes over two or more available actions to keep rivals from being able to predict her action. This adds an element of unpredictability to the player's behavior, making it harder for their opponent to exploit their weaknesses. Option A describes a dominant strategy rather than a mixed strategy. Option B describes a minimax strategy. Option C describes a Nash equilibrium.

A Mixed Strategy Is a Strategy