{{ block title }} Instructions {{ endblock }} {{ block content }}
In this game, you will be paired with another player and both of you will be assigned either Player 1 or Player 2. You will play for a random number of rounds. After each round, there is a 50% probability that the game will continue for at least another round. In each round you and the other player will simultaneously choose 1 or 2. The payoffs for each choice are described in the matrix below.
Player 2 | |||
---|---|---|---|
Player 1 | |||
1 | 2 | ||
1 | (32, 32) | (12, 50) | |
2 | (50, 12) | (25, 25) |