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
Consider the following three games (Chicken, Matching Pennies, Stag Hunt): Chicken Player 2 Player 1 D V D -100;-100 10;-10 V -10; 10 -1;-1 Matching Pennies Pla

1. Find all NE of the following 2×2 game. Determine which of the NE are trembling-hand perfect. 2. Consider the following two-person game where player 1 has three strategie

consider the three player game in question 2 in assignment 1. Assume now that player 3 moves first. Players 1 and 2

Two individuals use a common resource (a river or a forest, for example) to produce output. The more the resource is used, the less output any given individual can produce. Denote

1. The town of Sunnydale, CA is inhabited by two vampires, Spike and Anya. Each night Spike and Anya independently hunt for food, which each one finds with probability 1/2 . Becaus

The interaction among rational, mutually aware players, where the choices of some players impacts the payoffs of others. A game is described by its players, every player's methods,

An equilibrium, (or 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. P

A sequential game is one among imperfect data if a player doesn't grasp precisely what actions different players took up to that time. Technically, there exists a minimum of one da

The">http://www.expertsmind.com/questions/green-beard-strategy-30135520.aspx The same questions on this link.

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