Answer:
The answer is option D.
Step-by-step explanation:
Hope this helps you
Answer:
a. The two players playing the game
b. No dominant strategy
c. No equilibrium
Step-by-step explanation:
a. The players are the two people playing the game of matching pennies
The strategy of the players are to meet the conditions of them keeping the pennies by having either heads or tails
The payoff of the game are as follows;
Player A keeps the two pennies when the outcome matches
Player B keeps the two pennies when the outcome does not match
The payoff of the game are as follows;
Player A
Head Tails
Player B Head 1, -1 -1, 1
Tails -1 1 1, -1
Where:
x, y
x = Player A
y = Player B
1 = Getting to keep the two pennies
-1 = Losing a penny
b. There are no best strategy because the game is one of chance whereby the result of the strategy of one player depends on the side of the penny facing up by the other player.
c. There is no equilibrium as the possible outcomes are equal hence the outcomes can be even or one sided.
X = 18
if you need the steps i could give them to you just ask!
Hope that helped!
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