Solving matching pennies Player 2 Head Tail Head -1,1 1,-1 Player 1 Tail 1,-1 -1 ,1 1- 9 1-q ■ Randomize your strategies Player 1 chooses Head and Tail with probabilities r and 1-r,respectively. Player 2 chooses Head and Tail with probabilities g and 1-g, respectively. ■ Mixed Strategy: Specifies that an actual move be chosen randomly from the set of pure strategies with some specific probabilities. 3Solving matching pennies Player 2 Head Tail Player 1 Head -1 , 1 1 , -1 Tail 1 , -1 -1 , 1 3 ◼ Randomize your strategies ➢ Player 1 chooses Head and Tail with probabilities r and 1-r, respectively. ➢ Player 2 chooses Head and Tail with probabilities q and 1-q, respectively. ◼ Mixed Strategy: ➢ Specifies that an actual move be chosen randomly from the set of pure strategies with some specific probabilities. q 1-q r 1-r