Nash equilibrium in randomized strategies

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Reference no: EM13737852

Which of the following statements is true?

a. If one party does not follow its Nash equilibrium strategy, then the other party may be better off with a strategy that is not a Nash equilibrium strategy;

b. A Nash equilibrium in randomized strategies is like a Nash equilibrium in pure strategies: Given that the other parties choose their Nash equilibrium strategies, each party’s best choice is its own Nash equilibrium strategy;

c. Both are true.

Reference no: EM13737852

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