In a Mixed Strategy Equilibrium

question 17

Multiple Choice

In a mixed strategy equilibrium

• A) A players' probabilities are chosen to make sure that he is indifferent
• B) Players choose mixed strategies, but the mixed strategy chosen by each is not necessarily a best response to the mixed strategies chosen by the others
• C) Players choose mixed strategies and the mixed strategy chosen by each is a best response to the mixed strategies chosen by the others
• D) A and C

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Definitions:

Company Procedures

Established methods and guidelines set by a business for carrying out its operations and dealing with various situations.

Audience Benefits

Benefits or advantages that the audience gets by using the communicator’s services, buying the communicator’s products, following the communicator’s policies, or adopting the communicator’s ideas. Audience benefits can exist for policies and ideas as well as for goods and services.

Extrinsic Motivators

External incentives or rewards, such as money or grades, used to drive behavior or encourage action.

Intrinsic Motivators

Benefits that come automatically from using a product or doing something.