5. Mixed Strategies

Indifference Conditions — Quiz

Test your understanding of indifference conditions with 5 practice questions.

Practice Questions

Question 1

What is the indifference condition used in a mixed-strategy equilibrium?

Question 2

A player chooses $p$ so that the opponent's expected payoff from $L$ is $4p+1$ and from $R$ is $2p+2$. What value of $p$ makes the opponent indifferent?

Question 3

The opponent's expected payoffs from two actions are $3p+2$ and $5-p$. What value of $p$ makes the opponent indifferent?

Question 4

Why does a player sometimes mix between two pure strategies in equilibrium?

Question 5

What is the support of a mixed strategy?