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In: Economics

True/False Questions (with explanations) 1. For a normal form game, a strategy is a probability distribution...

True/False Questions (with explanations)

1. For a normal form game, a strategy is a probability distribution over the set of outcomes. (T/F)

2. For a mixed strategy Nash equilibrium of a normal form game, Bob is mixing over two actions A and B. Bob can change his payoff by reducing the probability of playing A and increasing the probability of playing B? (T/F)

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