Ordinally symmetric game, Game Theory

Assignment Help:

Ordinally Symmetric Game Scenario

Any game during which the identity of the player doesn't amendment the relative order of the ensuing payoffs facing that player. In different words, every player ranks the payoffs from each strategy combination within the same order.

Description

A game is ordinally symmetric if the ordinal ranking of 1 player's payoffs is corresponding to the ordinal ranking of the transpose of the opposite player's payoffs. If the transpose of the opposite player's matrix is equivalent (not simply ordinally equivalent), then the sport is cardinally symmetric (or simply symmetric).

Outcome

The result that obtains from a selected combination of player's methods. each combination of methods (one for every player) is an outcome of the sport. A primary purpose of game theory is to work out that outcomes are stable, within the sense of being Nash equilibria

Example



Player 1



A

B

Player 2

A

1,5

0,6

B

3,1

4,8

Note that player 1's strategies are the matrix:

1

0

3

4

which transposed gives the following matrix (ranks in parentheses):

1 (3rd)

3 (2nd)

0 (4th)

4 (1st)

which is ordianlly equivalent to player 2's strategy matrix:

5 (3rd)

6 (2nd)

1 (4th)

8 (1st)

General Form



Player 2



L

R

Player 1

U

a,w

b,y

D

c,x

d,z

such that the ranking of a,b,c,d is equivalent to the ranking of w,x,y,z, respectively.

 


Related Discussions:- Ordinally symmetric game

What do you study about saving and investment spending, What do you study a...

What do you study about the saving, investment spending and financial system? Savings, Investment Spending, and the Financial System: 1. The correlation between savings and

Game 3 bargaining, GAME 3 Bargaining Two players A and B are chosen. P...

GAME 3 Bargaining Two players A and B are chosen. Player A offers a split of a dollar (whole dimes only). If B agrees, both get paid the agreed coins and the game is over. If

Game:claim a pile of dimes, GAME 1 Claim a Pile of Dimes Two players A...

GAME 1 Claim a Pile of Dimes Two players Aand B are chosen. The instructor places a dime on the table. Player A can say Stop or Pass. If Stop, then A gets the dime and the gam

Vickrey auction, A sealed-bid second worth auction during which participant...

A sealed-bid second worth auction during which participants every simultaneously submit bids. The auctioneer discloses the identity of the very best bidder who is said the winner.

Extensive kind, The in depth kind (also referred to as a game tree) may be ...

The in depth kind (also referred to as a game tree) may be a graphical illustration of a sequential game. It provides data concerning the players, payoffs, strategies, and also the

Pareto dominated, An outcome of a game is Pareto dominated if another outco...

An outcome of a game is Pareto dominated if another outcome would build a minimum of one player at an advantage while not hurting the other player. That is, another outcome is weak

Cournot learning, The Cournot adjustment model, initial proposed by Augusti...

The Cournot adjustment model, initial proposed by Augustin Cournot within the context of a duopoly, has players choose methods sequentially. In every amount, a firm selects the act

Pareto coordination game, Scenario Two corporations should simultaneousl...

Scenario Two corporations should simultaneously elect a technology to use for his or her compatible merchandise. If the corporations adopt totally different standards, few sales

Tic tac toe, i have to make a tic tac toe game in matlab i dun have any ide...

i have to make a tic tac toe game in matlab i dun have any idea what to do?

Perfect data, A sequential game is {one of|one among|one in all|one amongst...

A sequential game is {one of|one among|one in all|one amongst|one in each of} excellent data if just one player moves at a time and if every player is aware of each action of the p

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