📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    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.

    Practice Next
    More Research Questions
    ask-question