Properly mixed strategy, Microeconomics

A "properly mixed strategy" means a mixed strategy that does not assign all the probability to one pure strategy. In other words, it is not a pure strategy. Consider a simultaneous move game with the following payoff matrix:

 

 

Player 2

 

 

L

R

Player 1

A

4, 0

0, 3

B

0, 3

2.5, 0

C

1, 1

1, 1

a) Is pure strategy C strictly dominated by any other pure strategy of player 1? If so, write one out. If not, explain.

b) Is pure strategy C strictly dominated by any proper mixed strategy for player 1? If so, write one out.  If not, explain.

c) Is pure strategy C a best response to some mixed strategy of player 2? If so, write one out. If not, explain.

Posted Date: 3/18/2013 3:36:42 AM | Location : United States







Related Discussions:- Properly mixed strategy, Assignment Help, Ask Question on Properly mixed strategy, Get Answer, Expert's Help, Properly mixed strategy Discussions

Write discussion on Properly mixed strategy
Your posts are moderated
Related Questions
when the demand function is 2q-24+3p=0,find marginal revenue when q=3

Creating Mobile Telephone Infrastructure: The second concept of subsidising the telecom infrastructure required for providing services in rural and remote areas is designed to

Adding the economic activities of government to the circular flow model shows that: 1. Government spending creates inflation 2. Government purchases of goods and services,

How are the limitations of the economics theory affected? Limitation of Economic Theory: While examining the generality of an economic theory, one must realize any assump

#• The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. • The price of a pack of cigarettes increases by 10% and there is a 5% drop in the quan

Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos

How has the Harberler''s theory of opportunity cost an improvment over the classical theory of trade?

The least square method is based on the assumption that the past rate of change of the variable under study will continue in the future. It is a mathematical procedure for fitting

Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen