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.


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












General Form

Player 2



Player 1







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
Ordinal payoffs are numbers representing the outcomes of a game where the worth of the numbers isn't vital, however solely the ordering of numbers. for instance, when solving for a

A multiunit auction mechanism for assigning heterogeneous (different) objects. The highest bidder in the first round selects one item among those offered for sale. Then, a second r

Leadership in an Oil Production Game Students can be broken into pairs to play this game once, witheach student's representing one country; then each shouldswitch partners and

The in depth kind (also referred to as a game tree) may be a graphical illustration of a sequential game. It provides data concerning the players, payoffs, strategies, and also the

GAME 2 The Tire Story Another game that we have successfully played in the first lecture is based on the “We can’t take the exam; we had a flat tire”. Even if the students hav

(a) A player wins if she takes the total to 100 and additions of any value from 1 through 10 are allowed. Thus, if you take the sum to 89, you are guaran- teed to win; your oppone

The Prisoners’ Dilemma Game The idea that tacit cooperation can be sustained in an ongoing relationship is very simple and students easily accept it. The formal analysis

In Bontemps, Louisiana there are only two places to spend time: Merlotte's bar and Fangtasia. Sookie and Eric have made plans to spend Friday night together, but they never decided

One of the foremost common assumptions created in game theory (along with common information of rationality). In its mildest kind, rationality implies that each player is motivated