FoundationMultiple choice
Pennies with uneven stakes · Part 1 of 3
Row and Column each show heads or tails. Row wins $2 from Column if both show heads, $1 if both show tails, and pays Column $1 if they differ.
Does either player have a pure strategy they should always play?
- ANo: whatever one player fixes, the other has a profitable reply
- BYes, Row should always show heads, because heads-heads pays it the most
- CYes, Column should always show tails, since heads costs it $2
- DBoth should always match, since matching favours Row
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Game theory: dominance, mixing and the indifference condition
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