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Assume the following game situation: If Player A plays UP and Player B plays LEFT then Player A gets $1 and Player B gets $2.
Assume the following game situation: If Player A plays UP and Player B plays LEFT then Player A gets $1 and Player B gets $2. If Player A plays UP and Player B plays RIGHT then Player A gets $4 and Player B gets $3. If Player A plays DOWN and Player B plays LEFT then Player A gets $2 and Player B gets $4. If Player A plays DOWN and Player B plays RIGHT then Player A gets $3 and Player B gets $1. Let q = probability that Player B plays LEFT Let (1 - q) = probability that Player B plays RIGHT What is the equation for the expected utility if Player A plays DOWN? EU = 4 - 2q EU = 4 - 3q EU = 2q + 1 EU = 3
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