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

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Homework Help Overview

The problem involves a game theory scenario where Player I has two initial choices, leading to different outcomes based on chance moves and subsequent subgames. The goal is to express the value of the game, denoted as v, in terms of probabilities associated with the choices made.

Discussion Character

  • Exploratory, Conceptual clarification, Problem interpretation

Approaches and Questions Raised

  • Participants are attempting to understand the structure of the game and the implications of each player's choices. Questions arise regarding the rules and outcomes when Player I selects different options, particularly concerning the roles of players and the meaning of "win" and "loss." There is also curiosity about the expected values associated with each choice.

Discussion Status

The discussion is ongoing, with participants seeking clarification on the game's rules and structure. Some have expressed confusion about the game mechanics, while others are exploring the expected values and optimal strategies. No consensus has been reached, but there is a productive exchange of ideas and questions.

Contextual Notes

Participants note the complexity of the game tree and the potential ambiguity in the game's rules, which may affect their understanding and analysis. There is an emphasis on the need for clearer definitions of terms used in the game.

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?
 
Last edited:
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)
 

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