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      Question

      Consider the matching-pennies game:

      src="https://www.ixambee.com/questionimage/Chapter/1645509066-RBI-5.PNG" alt="" /> Let p= probability Player 2 plays left, q= probability Player 1 plays left. Find the mixed-strategy equilibrium.
      A p=1/2,q=1/2 Correct Answer Incorrect Answer
      B p=12/19,q=7/11 Correct Answer Incorrect Answer
      C p=3/8,q=1/5 Correct Answer Incorrect Answer
      D Doesn’t exist Correct Answer Incorrect Answer
      E More information needed Correct Answer Incorrect Answer

      Solution

      For player1 to be indifferent: p-(1-p)= -p+(1-p) p=1/2 Similarly we obtain q=1/2.

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