Mixed Strategy Equilibrium
3 important questions on Mixed Strategy Equilibrium
What does a strategic game with vNM preferences consist of?
Set of players
sets of actions for each player
preferences for each player with a Bernoulli payoff
sets of actions for each player
preferences for each player with a Bernoulli payoff
What is a mixed strategy?
A probability distribution over the player's actions
When is a two-player strategic game with vNM preferences symmetric?
When the set of actions for each player is the same
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