Is it a one-time or a multiple-round game?
Is the bet between you and your friend or there is a third party? In other words, what are your incentives here?
It is a one round game, and the bet is with a third party who you do not know.
Is it a one-time or a multiple-round game?
Is the bet between you and your friend or there is a third party? In other words, what are your incentives here?
It is a one round game, and the bet is with a third party who you do not know.