In the game of matching coins, each of two players flips a coin. If both coins match, showing either both heads or both tails, player A wins $7. If there is no match, player B wins $7.
(a) Determine the payoff matrix. Find the optimum strategies for the two players and the value of the game.
(a) Fill in the payoff matrix below:
Player A/Player B | Heads | Tails
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Heads | |
Tails | |