At the end of twenty rounds you should compute the total payoff. Bring these records to class on Monday. The three matrix games for each group are attached at the end of the exercises. This is a game which is described in the book Game Theory - A Nontechnical Introduction by Morton Davis. Neither player know the outcome of the other players coin flip.
Player one goes first.
If she passes, the players compare their coins. If they are the same, each player gets their money back. Choose two players and play this game 10 times and record the results. Bring the record to class on Monday. Player two can always see, no matter what the coin flip is, can always fold, no matter what the coin flip is, can see if the coin is heads and fold if it is tails or can fold if the coin is heads and pass if the coin is tails.