A pure strategy in game theory is one where a player consistently follows a single course of action, providing a clear, predictable strategy within games involving strategic interaction. In contrast to mixed strategies, pure strategies do not involve randomness, emphasizing the player's confidence in that decision or action's payoff maximization.

Pure Strategy

pure strategy

Game theory is a mathematical framework used for analyzing strategic interactions where the outcome for each participant depends on the actions of all involved. It provides insights into competitive and cooperative behaviors in economics, politics, and beyond, helping to predict and explain decision-making processes in complex scenarios.

game theory

course of action

predictable strategy

Strategic interaction refers to situations where the outcome of a decision depends not only on one's own actions but also on the actions of others, often requiring anticipation of others' responses. It is a central concept in game theory and is crucial for understanding competitive and cooperative behaviors in economics, politics, and social dynamics.

strategic interaction

mixed strategies

Randomness refers to the lack of pattern or predictability in events, often characterized by the outcome being determined by chance rather than a deterministic process. It plays a crucial role in fields such as mathematics, computer science, and physics, where it is used to model uncertainty and generate random variables for simulations and cryptography.

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