Simulate many iterations of von Neumann model
Now, let us use the one_round function that we wrote in the previous exercise to simulate 10000 iterations, when Player B's strategy is to bet if and only if their value is greater than 0.5. Our goal will be to estimate Player B's expected value under this strategy.
This exercise is part of the course
Probability Puzzles in R
Exercise instructions
- Fill in the line to run one iteration with Player B choosing to bet if their value is greater than 0.5, and store the value into
b_win - Calculate and display the expected value for Player B under this strategy.
Hands-on interactive exercise
Have a go at this exercise by completing this sample code.
b_win <- rep(NA, 10000)
for(i in 1:10000){
# Run one and store result
}
# Print expected value