Advances in Applied Probability

The lying oracle game with a biased coin

Robb Koether, Marcus Pendergrass, and John Osoinach
Source: Adv. in Appl. Probab. Volume 41, Number 4 (2009), 1023-1040.

Abstract

The lying oracle problem is a problem of finding the optimal strategies in a two-person game where an oracle predicts the outcomes of coin flips and a player bets on the outcomes. The oracle announces whether the coin will land heads or tails, but may at times lie. We analyze the variant of the game which uses a biased coin, where the probability p that the coin lands heads is common knowledge. We determine optimal strategies for both the oracle and player, and we give an explicit expression for the expected payoff to the player when the coin is flipped $n$ times and the oracle may lie at most k times.

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Primary Subjects: 91A60
Secondary Subjects: 91A05, 60C05, 00A08
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Links and Identifiers

Permanent link to this document: http://projecteuclid.org/euclid.aap/1261669584
Digital Object Identifier: doi:10.1239/aap/1261669584
Zentralblatt MATH identifier: 05706688
Mathematical Reviews number (MathSciNet): MR2663234

References

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Mathematical Reviews (MathSciNet): MR1944235
Zentralblatt MATH: 1032.91028
Digital Object Identifier: doi:10.1016/S0899-8256(02)00507-9
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Pendergrass, M. (2009). A path guessing game with wagering. Preprint. Available at http://arxiv.org/ abs/0907.2196.
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Mathematical Reviews (MathSciNet): MR584867
Zentralblatt MATH: 0443.68043
Digital Object Identifier: doi:10.1016/0022-0000(80)90014-8

2012 © Applied Probability Trust

Advances in Applied Probability

Advances in Applied Probability