Standard Unwrapping

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Vocabulary
optimal mixed strategyexpected valueplayergamepure strategies
Skills
  • compute (optimal mixed strategy for a player with two pure strategies in a game) #dok2
  • compute (expected value for a player using a mixed strategy) #dok2
  • analyze (payoff matrix with two pure strategies per player) #dok3
  • model (decision-making using mixed strategies in simple games) #dok3
Learning Targets
  • I can compute the optimal mixed strategy for a player in a game with two pure strategies. #dok2
  • I can compute the expected value for a player who uses a mixed strategy in a two-by-two game. #dok2
  • I can analyze a payoff matrix to determine the optimal mixed strategies for both players. #dok3
  • I can model decision-making in simple games using mixed strategies. #dok3
Big Ideas
  • Mixed strategies are used in games where no single pure strategy is always optimal.
  • The expected value helps players anticipate the average outcome of employing a mixed strategy.
Essential Questions
  • What is a mixed strategy, and when is it necessary to use one in a game?
  • How can you determine the optimal mixed strategy for a player in a game with two pure strategies?
  • Why is expected value important when using mixed strategies in game theory?
  • How do you compute the expected value for a player when mixed strategies are involved?
  • What real-world situations might require the use of optimal mixed strategies?