"""Independent randomization at a revisited information set; Python 3.14.4. Uses NumPy 2.3.5 and Matplotlib 3.10.7; writes an opaque PNG to the CWD. """ from pathlib import Path import matplotlib matplotlib.use("Agg") import matplotlib.pyplot as plt import numpy as np def main(): p = np.linspace(0, 1, 401) fig, ax = plt.subplots(figsize=(5.2, 3.3), dpi=120, facecolor="white") ax.set_facecolor("white") ax.plot(p, 8*p-7*p*p, color="#1c5580", linewidth=2.2, label=r"$U(p)=8p-7p^2$") ax.plot([0, 1], [0, 1], linestyle="--", color="#a36b21", linewidth=1.7, label="mixtures of the two pure plans") ax.scatter([4/7], [16/7], color="#1c7051", s=50, zorder=3) ax.annotate(r"$p=4/7,\quad U=16/7$", (4/7, 16/7), xytext=(0, 12), textcoords="offset points", ha="center", fontsize=11) ax.set_xlabel(r"$p=\Pr(D)$ at each visit") ax.set_ylabel("Expected payoff") ax.set_title("Forgetting the visit changes the value of randomization", fontsize=11) ax.set_xlim(0, 1) ax.set_ylim(0, 2.85) ax.legend(loc="lower right", fontsize=9, framealpha=1) ax.spines[["top", "right"]].set_visible(False) fig.tight_layout(pad=0.8) fig.savefig(Path.cwd()/(Path(__file__).stem+".png"), facecolor="white", transparent=False) plt.close(fig) if __name__ == "__main__": main()