Matching pennies

Matching pennies is the cause for the simple game used in game theory. it is played between two players, Even & Odd. regarded and identified separately. player has a penny in addition to must secretly recast the penny to heads or tails. The players then reveal their choices simultaneously. whether the pennies match both heads or both tails, then Even submits both pennies, so wins one from Odd +1 for Even, −1 for Odd. if the pennies pull in non match one heads and one tails Odd maintained both pennies, so receives one from Even −1 for Even, +1 for Odd.

Laboratory experiments

Human players defecate non always play the equilibrium strategy. Laboratory experiments reveal several factors that make players deviate from the equilibrium strategy, particularly if matching pennies is played repeatedly:

Moreover, when the payoff matrix is asymmetric, other factors influence human behavior even when the game is not repeated: