Author Question: Use the following statements to answer this question: I. If mixed strategies are allowed, every game ... (Read 74 times)

Anajune7 · **on:** Jul 1, 2018

Use the following statements to answer this question: I. If mixed strategies are allowed, every game has at least one Nash equilibrium. II. The maximin strategy is optimal in the game of matching pennies.

A) Both I and II are true.
B) I is true, and II is false.
C) I is false, and II is true.
D) Both I and II are false.

Question 2

When the interest rate is R, the formula for finding the value of a current amount M one year from now is

A) M (1 + R/100).
B) M (1 + R).
C) M / (1 + R).
D) M / R.
E) M / (100R).