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Business, 16.04.2020 00:59 tjjjjjjjjjjjjjjjjjjj

Initially each player puts a dollar in the pot. Then each player is dealt a card; each player’s card is equally likely to be High or Low, independent of the other player’s card. Each player sees only her own card. Player 1 may see or raise. If she sees, then the players compare their cards. The one with the higher card wins the pot; if the cards are the same, then each player takes back the dollar she had put in the pot. If player 1 raises, then she adds $2 to the pot, and player 2 may pass or meet. If player 2 passes, then player 1 takes the money in the pot. If player 2 meets, then she adds $2 to the pot and the players compare cards, the one with the higher card winning the pot; if the cards are the same, then each player takes back the $3 she had put in the pot.

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Initially each player puts a dollar in the pot. Then each player is dealt a card; each player’s card...

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