Document Type

Article

Publication Date

2012

Subject: LCSH

Difference equations

Disciplines

Chemical Engineering | Chemistry | Mechanical Engineering

Abstract

Penney-Ante is a well known two-player (Player I and Player II) game based on an information paradox. We present a new approach, using difference-equations, to analyzing the outcome for each player. One strategy yields a winning outcome of 75% for Player II, the player playing second. The approach also permits investigation of non-optimal strategies, and demonstrates how mixing of such strategies can be used to tune the winning edge of either player. We generalize the analysis to accommodate the possibility of a biased coin.

Comments

Open access.This work is licensed under a Creative Commons Attribution 3.0 License.

DOI

DOI: 10.5539/jmr.v4n6p1

Creative Commons License

Creative Commons Attribution 3.0 License
This work is licensed under a Creative Commons Attribution 3.0 License.

Publisher Citation

Barratt, C. & Schwartz, P. (2012). Analysis of the Penney-Ante Game Using Difference Equations: Development of an Optimal and a Mixed-Strategies Protocol. Journal of Mathematics Research, 4(6), 1-11. DOI: 10.5539/jmr.v4n6p1

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