In a mixed strategy situation, like the "heads or tails" game, the players can maximize their income by randomly choosing head or tail each with a probability of:
A)0.25
B)0.5
C)0.75
D)1.0

Question

Quizplus · Accepted Answer

In a mixed strategy situation, the players should choose a probability that gives the other player an indifferent choice rather than always selecting the same option. In the case of the "heads or tails" game, selecting either heads or tails with a probability of 0.5 is the best choice since it makes the other player indifferent as to which option to choose. Choosing any other probability would give the other player an advantage in predicting their opponent's choice.

In a Mixed Strategy Situation, Like the "Heads or Tails