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Game Theory Fundamentals·Economics & Strategy
mixed strategy

mixed strategy

/ˌmɪkst ˈstrætədʒi/

♟️ Game Theory Fundamentals

a strategy involving randomization among possible moves

mixed strategy in a sentence

“In rock-paper-scissors, the optimal mixed strategy is equal probability.”

Origin of mixed strategy

From mixed + strategy (Greek strategia generalship)

Related Words

information asymmetry

a situation where some players have more information than others

game theory

the study of mathematical models of strategic interaction

Nash equilibrium

a state where no player benefits by unilaterally changing strategy

payoff

the reward or outcome a player receives from a strategy

dominant strategy

a strategy that yields the best outcome regardless of opponents' choices

zero-sum game

a situation where one player's gain equals another's loss

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