Cardinal payoffs, Game Theory

Assignment Help:

 

Cardinal payoffs are numbers representing the outcomes of a game where the numbers represent some continuum of values, such as money, market share or quantity. Cardinal payoffs permit the theorist to vary the intensity or degree of payoffs, unlike ordinal payoffs, in which only the order of values is pivotal. For mixed, payoffs, strategy calculations must be cardinal.

 


Related Discussions:- Cardinal payoffs

Green- beard, The">http://www.expertsmind.com/questions/green-beard-strateg...

The">http://www.expertsmind.com/questions/green-beard-strategy-30135520.aspx The same questions on this link.

Discriminatory auction, A multiunit auction that during which within which ...

A multiunit auction that during which within which  each winning bidder pays a unique worth which depends on the particular bid placed by every winning participant. Alternatively,

Game theory equilibrium exercise, Exercise 1 a) Pure strategy nash equi...

Exercise 1 a) Pure strategy nash equilibrium in this case is Not Buy, bad ( 0,0) as no one wants to deviate from this strategy. b) The player chooses buy in the first perio

Prisoner''s dilemma , A game frequently displayed in tv police dramas. 2 pa...

A game frequently displayed in tv police dramas. 2 partners in crime are separated into separate rooms at the police station and given an identical deal. If one implicates the oppo

Sealed bid auction, An auction during which bidders simultaneously submit b...

An auction during which bidders simultaneously submit bids to the auctioneer while not information of the number bid by different participants. Usually, the very best bidder (or lo

Asynchrony, In a repeated game it is often unspecified that players move co...

In a repeated game it is often unspecified that players move concurrently at predefined time intervals. However, if few players update their policies at different time intervals, t

Bayesian Cournot, Consider the Cournot duopoly model in which two firms, 1 ...

Consider the Cournot duopoly model in which two firms, 1 and 2, simultaneously choose the quantities they will sell in the market, q1 and q2. The price each receives for each unity

Combining simultaneous and sequential moves, Combining Simultaneous and...

Combining Simultaneous and  Sequential Moves The material in this chapter covers a variety of issues that require some knowledge of the analysis of both sequential- move

Prisoners'' dilemma scenario, Scenario Two conspirators are arrested an...

Scenario Two conspirators are arrested and interrogated separately. If one implicates the opposite, he might go free whereas the opposite receives a life sentence. Yet, if each

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd