AdvancedMultiple choice
Pennies with uneven stakes · Part 3 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.
What is the value of the game to Row per round in equilibrium?
- A+$0.20
- B$0, since matching pennies is fair
- C+$0.50, the average of the $2 and $1 wins minus the loss
- D−$0.20, because Column controls the mismatch
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Game theory: dominance, mixing and the indifference condition
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