Seven greedy smart people are participating in a Yankee Swap.that is they are indistinguishable until opened. What are the strategies for each player based on their selection positions?
Rules as given here:
Each participant brings a wrapped gift and places it with the others.
Participants are given random letters from A to G, and they select and unwrap gifts from the pile in alphabetical order.
The person who receives A will pick a gift from the pile and open it for all to see.
The person who receives B then chooses a gift and opens it, and then must decide whether to keep it or swap it for the first player’s gift.
This continues -- each person in order selects a present, opens it and decides whether to keep it or swap it for any other gift someone has already opened.
Opening of gifts and swapping takes place until all the presents have been chosen. Finally, the person (A) who picked first gets to choose from all the gifts or keep what he/she has already received.
Notice, these are rules for a very simplified version as there is at most one swap per round.
Case 1. All participants will evaluate/rank the gifts the same once they are opened and there are no ties. Except for your gift, you do not know what the other gifts are (and how they will rank) until they are opened. All gifts are identically wrapped,
Case 2. Similar to Case 1 but the gifts are wrapped uniquely so each participant knows which one they brought. Case 2.a. You may not pick
your own gift to open unless you are the last picker. Case 2.b. You
may pick your own to open. What are the strategies for each player
based on their selection positions?
On 11/18/2020 11:35 AM, leflynn wrote:wrapped, that is they are indistinguishable until opened. What are the strategies for each player based on their selection positions?
Seven greedy smart people are participating in a Yankee Swap.
Rules as given here:
Each participant brings a wrapped gift and places it with the others. Participants are given random letters from A to G, and they select and unwrap gifts from the pile in alphabetical order.
The person who receives A will pick a gift from the pile and open it for all to see.
The person who receives B then chooses a gift and opens it, and then must decide whether to keep it or swap it for the first player’s gift.
This continues -- each person in order selects a present, opens it and decides whether to keep it or swap it for any other gift someone has already opened.
Opening of gifts and swapping takes place until all the presents have been chosen. Finally, the person (A) who picked first gets to choose from all the gifts or keep what he/she has already received.
Notice, these are rules for a very simplified version as there is at most one swap per round.
Case 1. All participants will evaluate/rank the gifts the same once they are opened and there are no ties. Except for your gift, you do not know what the other gifts are (and how they will rank) until they are opened. All gifts are identically
Assumption: The selection of what (and how valuable) gifts to bring inThanks for adding this assumption. Otherwise rec.puzzlers would give these answers:
the first place is essentially random.
Start at the end and go backward:1/7 of the time the last unopened gift will be F's, and since they can see the other six gifts, they will know whether it is in the top three or not. If it is, 3/49, they should pick Gb instead of Gc to ensure they end up with G3. This improves their
A, knowing the rank of all seven gifts and able to pick any of them,
will pick the most valuable gift (call it G1).
G, knowing the rank of all seven gifts and able to pick any of them,
will pick the second most valuable gift (G2), i.e. the most valuable
gift that A won't pick afterward.
F is where it starts to get interesting. They know the relative rank of
six gifts (call them Ga through Gf, where Ga is the most valuable), but
the seventh (G*) is equally likely to be G1 or G2 or etc.
* Regardless of strategy, the best they can get is G3, i.e. the most valuable gift that neither G nor A will pick afterward.
* If they pick Gc, then expected outcomes are (G3 G3 G3 G3 G4 G4 G4).
* There's no point picking Gd or lower (guaranteed less valuableI'm not sure where you get these results. Picking Ga will usually get you whatever A currently has and that will depend on what the previous traders' strategies were.
than Gc).
* There's apparently no point picking Ga or Gb either. In either case,
their expected outcomes after G and A are (G3 G3 G3 G4 G5 G6 G7).
So F probably just picks Gc (third most valuable of the six known).As you say things get more complicated after that... In particular, who gets gift #3 when F doesn't?
Assuming that the same pattern holds (I didn't crank through the
arithmetic to verify), E would pick the fourth most valuable gift of
the five known, which may turn out to be G4 or G5 or G6.
What about D? D knows the relative rank of four gifts (Ga through Gd),
and can't do better than G5. None of them are guaranteed safe from pilfering, but Ga (which will turn out to be G4 or better) definitely
will be. I suspect that their best option is to just pick Gb.
C knows the relative rank of three gifts, and can't do better than
G6. Ga (G5 or better) will definitely be pilfered. Probably pick Gb.
B invariably gets G7, so it doesn't matter whether they keep or
switch. And of course A's initial choice, being random, doesn't
matter either.
Case 2. Similar to Case 1 but the gifts are wrapped uniquely so each participant knows which one they brought. Case 2.a. You may not pickThis one gets even messier. Each person /potentially/ has more
your own gift to open unless you are the last picker. Case 2.b. You
may pick your own to open. What are the strategies for each player
based on their selection positions?
knowledge, but only if their gift hasn't already been picked, and
may still be stuck picking a less valuable one. (Does "last picker"
refer to G, or A who gets to pick twice?)
expected gift position from 3 3/7 to 3 18/49 .* If they pick Gc, then expected outcomes are (G3 G3 G3 G3 G4 G4 G4).1/7 of the time the last unopened gift will be F's, and since they can see the other six gifts, they will know whether it is in the top three or not. If it is, 3/49, they should pick Gb instead of Gc to ensure they end up with G3. This improves their
* There's no point picking Gd or lower (guaranteed less valuableI'm not sure where you get these results. Picking Ga will usually get you whatever A currently has and that will depend on what the previous traders' strategies were.
than Gc).
* There's apparently no point picking Ga or Gb either. In either case,
their expected outcomes after G and A are (G3 G3 G3 G4 G5 G6 G7).
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