What is the formula for the value of a game in game theory?

mathlete
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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?
 
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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. :frown:


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?
 
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are L,R the nodes and l,r are the branches??
 
The Possible answer is v=(1-1)(-1=1)
mathlete said:
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?
 
The posible answer is v=(1-1)(-1+1)
 
There are two things I don't understand about this problem. First, when finding the nth root of a number, there should in theory be n solutions. However, the formula produces n+1 roots. Here is how. The first root is simply ##\left(r\right)^{\left(\frac{1}{n}\right)}##. Then you multiply this first root by n additional expressions given by the formula, as you go through k=0,1,...n-1. So you end up with n+1 roots, which cannot be correct. Let me illustrate what I mean. For this...
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