Pure strategy:
A)is a specific choice of a strategy from the player's possible strategies in the game, whereas a mixed strategy is a choice between quantity and price optimization.
B)is a specific choice of a strategy outside of the player's possible strategies in the game, whereas a mixed strategy is a choice among two or more pure strategies according to pre-specified probabilities.
C)is a specific choice of a strategy outside of the player's possible strategies in the game, whereas a mixed strategy is a choice between quantity and price optimization.
D)is a specific choice of a strategy from the player's possible strategies in the game, whereas a mixed strategy is a choice among two or more pure strategies according to pre-specified probabilities.

Question

Quizplus · Accepted Answer

A pure strategy is a specific and distinct selection from the set of possible strategies available to a player in a game, whereas a mixed strategy involves choosing among two or more pure strategies with pre-specified probabilities. Therefore, the correct answer is option D. Pure strategy involves a specific choice of a strategy from the player's possible strategies in the game, while a mixed strategy involves a choice among two or more pure strategies according to pre-specified probabilities. Therefore, option D correctly differentiates between pure and mixed strategies.

Pure Strategy