Question

Two players A and B play a marble game. Each player has both a red and blue marble. They present one marble to each other. If both present red, A wins $3. If both present blue, A wins $1. If the colors of the two marbles do not match, B wins $2. Is it better to be A, or B, or does it matter?

Answer 1

Answer:

Step-by-step explanation:

A has one red and blue marble and B has one red and blue marble.

Hence selecting one marble is equally likely with prob = 0.5

Since A and B are independent the joint event would be product of probabilities.

Let A be the amount A wins.

If each selects one, the sample space would be

             (R,R)  (R,B)  (B,R) (B,B)

Prob     0.25  0.25  0.25  0.25

A              3       -2     -2       1

E(A)      0.75   -0.5    -0.5   0.25   =    0

The game is a fair game with equal expected values for A and B.

It does not matter whether to be A or B