Question: When is a mixed strategy appropriate? When only player ( A ) has a dominant strategy, and the other player ( B ) doesn't think
When is a mixed strategy appropriate?
When only player A has a dominant strategy, and the other player B doesn't think player A is predictable.
When both firms have a dominant strategy, and the Nash equilibrium is a prisoner's dilemma
When both firms have a dominant strategy, and the Nash equilibrium is not a prisoner's dilemma
When there is no dominant strategy for either player in a game played repeatedly
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