Best-response strategies
{"Image DocumentName": "Best-response strategies", "Image ImageDescription": "Suppose you know your opponent plays rock 50% of the time and scissors 50% What is the best strategy? Rock gives .5 0 + .5 1 = .5. Paper gives .5 1 + .5 (-1) = 0. Scissors gives .5 (-1) + .5 0 = -.5. So the best response to this opponent strategy is to (always) play rock. There is always some pure strategy that is a best response. Suppose you have a mixed strategy that is a best response; then every pure strategy with prob >0 in the mixed strategy must also be a best response.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}