-
we've talked about strategies as the choices that are available to you.
-
The choices available to you were go to the East Town, go to the West Town.
-
Or, in the numbers game we played, it was choose a number.
-
Or, in the αβ Game we played, it was choose α Or β.
-
Or deciding whether to invest or not,
-
it was invest or don't invest, and so on and so forth.
-
What we're seeing now is a new type of strategy.
-
And the new type of strategy is to randomize over your existing strategies.
-
So we're introducing here a new notion
-
that's going to occupy us for the rest of the week,
-
and the new notion is a randomized,
-
or as we're going to call them, "Mixed strategies."