AppliedMultiple choice
Pennies with uneven stakes · Part 2 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.
With what probability should Column show heads in equilibrium?
- A0.4
- B0.5, as in ordinary matching pennies
- C2/3, in proportion to the $2 stake
- D0.6, tilting towards heads to invite a costly match
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Game theory: dominance, mixing and the indifference condition
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