Why the Stochastic Strategy Works in UMDL?
The UMDL SMS encourages strategic thinking.
A stochastic strategy is chosen since the information available is probabilistic.
- No fixed number of agents is known to each other.
- It is hard to know other agents’ payoff matrix, and agents may not be rational.
- It works well against heuristic agents.
What happens if all the other agents use stochastic strategies?