Consider the standard game of Rock Paper Scissors with the following twist. At the start of each round an independent judge flips a fair coin and tells your opponent the result but does not tell you. If the coin came up heads your opponent must play rock. Otherwise he can play whatever he wants. You can always play whatever you want and standard RPS rules apply (paper beats rock, which beats scissors, which beats paper). Your opponent is a smart thinking player and will adapt perfectly to whatever strategy you play.
We’re going to look at the following two questions.
If the loser of the game must pay the winner $100, what is the most you should be willing pay to play it?
From GTORangeBuilder (featured on /.):
From http://blog.gtorangebuilder.com/2014/04/gto-brain-teaser-1-exploitation-and.html
A solution will be given on video on Monday.
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