Matching Pennies Solution
1
Matching Pennies Solution Strategic form: 2 x 2 Payoff player 1 f i F 1 -1 I -1 1 2 x 2 Payoff player 2 f i F -1 1 I 1 -1 EE = Extreme Equilibrium, EP = Expected Payoffs Rational: EE 1 P1: (1) 1/2 1/2 EP= 0 P2: (1) 1/2 1/2 EP= 0 Decimal: EE 1 P1: (1) 0.5 0.5 EP= 0 P2: (1) 0.5 0.5 EP= 0 Connected component 1: {1} x {1}
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Transcript of Matching Pennies Solution
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Matching Pennies Solution
Strategic form:
2 x 2 Payoff player 1
f i
F 1 -1
I -1 1
2 x 2 Payoff player 2
f i
F -1 1
I 1 -1
EE = Extreme Equilibrium, EP = Expected Payoffs
Rational:
EE 1 P1: (1) 1/2 1/2 EP= 0 P2: (1) 1/2 1/2 EP= 0
Decimal:
EE 1 P1: (1) 0.5 0.5 EP= 0 P2: (1) 0.5 0.5 EP= 0
Connected component 1:
{1} x {1}