Worst case scenario

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School

Sheridan College *

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Course

70044

Subject

Economics

Date

Nov 24, 2024

Type

docx

Pages

1

Uploaded by BailiffPenguin559

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In this game, both players are choosing either a $1 bill or a $5 bill. If both players choose the same bill, Player B wins. If they choose different bills, Player A wins. Now, if we look at the worst-case scenario for Player A (when they lose the most), it happens when both players choose the $5 bill. In this case, Player A loses $5. This is the biggest loss Player A can have. On the other hand, the best-case scenario for Player A (when they win the most) happens when Player A chooses the $1 bill and Player B chooses the $5 bill. In this case, Player A wins $5. This is the biggest win Player A can have. But here’s the thing: there’s no single best strategy for Player A that guarantees they will always win. It all depends on what Player B does
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