Every player has a 52-card deck and draws a card at random from it. Simultaneously the players decide to bet or pass.

If both bet, they show their card and the player with the highest value wins (aces are high). The winner gets $1 (loser gives te $1). if both have same value card or at least one decides to pass, then no money is exchanged. What is the bayesian nash equilibrium (there should be a lot of equilibria)?

Answer rating: 100% (QA)

To find the Bayesian Nash Equilibrium BNE for this game we need to consider the optimal strategy for ... View the full answer