New Click here to Enroll for SIDBI MSME Expert Class by ex-GM, SBI on Nov 24

    Register

    Question

    Consider the matching-pennies game:

    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

    Solution

    For player1 to be indifferent: p-(1-p)= -p+(1-p) p=1/2 Similarly we obtain q=1/2.

    Practice Next