Matching pennies, Game Theory

 Matching Pennies Scenario

To determine who is needed to try to to the nightly chores, 2 youngsters initial choose who are represented by "same" and who are represented by "different." Then, every kid conceals in her palm a penny either with its face up or face down. each coins are revealed simultaneously. If they match (both are heads or each are tails), the kid "same" wins. If they're totally different (one heads and one tails), "different" wins. the sport is corresponding to "odds or evens" and quite just like a 3 strategy version - rock, paper, scissors.

Description

The game is zero add. the sole equilibrium is in mixed methods. every plays every strategy with equal chance, leading to an expected payoff of zero for every player

Example



same



heads

tails

different

heads

-1,1

1,-1

tails

1,-1

-1,1

General Form



Player 2



L

R

Player 1

U

a,w

b,x

D

c,y

d,z

Where the following relations hold:
c = b = -a = -d 
w = z = -x = -y

 

Posted Date: 7/21/2012 4:32:10 AM | Location : United States







Related Discussions:- Matching pennies, Assignment Help, Ask Question on Matching pennies, Get Answer, Expert's Help, Matching pennies Discussions

Write discussion on Matching pennies
Your posts are moderated
Related Questions
i have to make a tic tac toe game in matlab i dun have any idea what to do?

Ordinally Symmetric Game Scenario Any game during which the identity of the player doesn't amendment the relative order of the ensuing payoffs facing that player. In different w

An auction during which just one item is on the market for sale. Procedures embody English, Dutch, and sealed bid auctions. When multiple units are sold in one auction, the auction

Paired Prisoners' Dilemma Students can be paired off and instructed to play several ver-sions of a particular game with a prisoners' dilemma structure.Provide each pair with a

Strategies against Hostage Takers T ypical Situations Terrorists: usually have several hostages, demands are polit- ical, may be fanatics, location may be public or sec

In a repeated game it is often unspecified that players move concurrently at predefined time intervals. However, if few players update their policies at different time intervals, t

Consider the Cournot duopoly model in which two firms, 1 and 2, simultaneously choose the quantities they will sell in the market, q1 and q2. The price each receives for each unity

A Nash equilibrium, named when John Nash, may be a set of methods, one for every player, such that no player has incentive to unilaterally amendment her action. Players are in equi

Explain about the term Game Theory. Game Theory: While the decisions of two or more firms considerably influence each others’ profits, in that case they are into a situation