Mixed Strategy Real Life Example

Mixed Strategy
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Mixed Strategy
Baranovska & Bukovskiy (2017) posit that a mixed strategy is a probability distribution that assigns to each available action a chance of being selected. This strategy applies in instances where a player would like to keep the other player hypothesizing. It involves the probability of choices. A good example is Rock, Paper Scissors. The opponent is kept indifferent as a way of minimizing their ability to know your next move or choice. In Rock-Paper-Scissors, when there is an equal probability of going for a pure individual strategy, the probability distribution will be a third. Ideally, one using a mixed strategy will have more than a single pure strategy during the game. At the same time, there is a good chance of an option not being chosen. Mixed strategy payoffs are arrived at after determining the probability of choosing a certain strategy.
I have used a mixed strategy...