RonÕs Expected Winnings
¥E = pqa + p(1-q)b +(1-p)qc + (1-p)(1-q)d
¥For the second matrix game, above, we plug in a = 1, b = -4, c = -3, and d = 1.
¥With a little algebra this gives:
–E = 9pq – 5p – 4q + 1
¥Consider the simple cases:
–p,q = 0, E = 1
–p,q = 1, E = 1