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

1. Through graphs describe the relationship between the price, P , and the average total cost, ATC , for a firm in perfect competition when it earns an economic profit; earns a n

what are key elements in micro enviroment of red bull


Determinants of Private Demand - Non-Monetary Benefits Social status associated with university degrees is a determinant of investment decisions in higher education in the cas

What are the possible negative consequences of economic growth in a developing country? Define economic growth as an enhance in GDP during a given time period, and then define

Cost Function for Savings and Loan Industry * The empirical estimation of long run cost function can be useful in restructuring of the savings and loan industry in wake of savi

short run equilibrium of the industry

Direction of Trade: It is indicative of the structure and level of economic development. As a country develops and its trade gets diversified, it has to seek new outlets for i

discuss the law of variable proportion with the help of isoquants