AGT: mixed strategies
Quiz
•
Social Studies
•
University
•
Hard
Pijus Krūminas
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a mixed strategy randomize?
Conditions of the game
Action sequence
Action selection
Nash equalibria
2.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What is a pure strategy Nash equilibrium?
A Nash equilibrium where players only select one action (even if more are available)
A mixed-strategy Nash equilibrium, where one action has a probability of 1
A mixed-strategy Nash equilibrium, where one action has a probability of 0
A Nash equilibrium of weakly dominated strategies
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Models with a mixed-strategy Nash equilibrium should not be used in a game that has...
Have more than two players
Have more than two actions per player
Ordinal values
Cardina values
4.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
How can finding a mixed-strategy equilibrium help you?
By suggesting how frequently you should choose different available strategies
By providing suggestions on the most useful pure strategy from those available
By providing information needed to adjust your actions to move closer to a best response
By providing information on the cost/payoff functions of your opponent
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In which cases would you need to use a mixed strategy?
Playing chess
Playing rock, paper, scissors
Playing in a Cournot's competition game
Playing in a Bertrand's competition game
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