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Game theory: value of a game |
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| Feb26-06, 08:42 PM | #1 |
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Game theory: value of a game
The problem:
"Player I can choose l or r at the first move in a game G. If he chooses l, a chance move selects L with probability p, or R with probability 1-p. If L is chosen, the game ends with a loss. If R is chosen, a subgame identical in structure to G is played. If player I chooses r, then a chance move selects L with probability q or R with probability 1-q. If L is chosen, the game ends in a win. If R is chosen, a subgame is played that is identical to G except that the outcomes win and loss are interchanged together with the roles of players I and II" *whew* Now the question is... if the value of the game is v, show that v=q+(1-q)(1-v) Now the game tree is so complicated... I really have no idea how to get the value of the game. Is there any easy way to do this that i'm missing? |
| Feb26-06, 09:18 PM | #2 |
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I don't understand the statement of the game.
What happens when player I picks `l', and `R' gets chosen? Is it now player II's turn? Does "win" always mean a win for player I? et cetera. If I sat down and tried to teach this game to someone else so we could play, I'd have no idea what the rules are. ![]() Anyways, the analysis should be straightforward. What is the expected value of the game if player I picks `l'? What is the expected value of the game if player I picks `r'? What is the expected value of the game if player I picks optimally? |
| Feb27-06, 10:49 AM | #3 |
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are L,R the nodes and l,r are the branches??
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| Oct11-09, 12:43 PM | #4 |
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Game theory: value of a game
The Possible answer is v=(1-1)(-1=1)
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| Oct11-09, 12:45 PM | #5 |
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The posible answer is v=(1-1)(-1+1)
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