(a)
The payoff matrix for the game corresponding to Ralph and Carl who play guessing game. Ralph holds a coin in one of his sides and Carl tries to guess the correct side. If Carl guesses incorrectly, he pays
(b)
To calculate: The optimal strategy for Ralph for the game corresponding to Ralph and Carl who play guessing game. Ralph holds a coin in one of his sides and Carl tries to guess the correct side. If Carl guesses incorrectly, he pays
(c)
To calculate: The optimal strategy for Carl for the game corresponding to Ralph and Carl who play guessing game. Ralph holds a coin in one of his sides and Carl tries to guess the correct side. If Carl guesses incorrectly, he pays
(d)
Whether the game favors Ralph or Carl for the game corresponding to Ralph and Carl who play guessing game. Ralph holds a coin in one of his sides and Carl tries to guess the correct side. If Carl guesses incorrectly, he pays
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