Mathematics, 25.10.2021 22:20 0436500
Player I has two coins. One is fair (probability 1 2 of heads and 1 2 tails) and the other is biased with probability 1 3 heads and 2 3 tails. Both players know these probabilities. Player I knows which coin is fair and which is biased. He selects one of the coins and tosses it. The outcome of the toss is announced to II. Then II must guess whether I chose the fair or biased coin. If II is correct there is no payoff. If II is incorrect, she loses 1.
Required:
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Player I has two coins. One is fair (probability 1 2 of heads and 1 2 tails) and the other is biased...
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