Saddle point-game theory, Mathematics

Assignment Help:

Saddle Point

This point in a pay off matrix is one which is the largest value in its column and the smallest value in its row. This is also termed as equilibrium point in the theory of games.

This point gives also the value of a game. In a game having a saddle point, the optimum strategy for both players is to pay the column or row having the saddle point.

Note: if in a game there is no saddle point the players will resort to what is termed as mixed strategies.

 


Related Discussions:- Saddle point-game theory

Find the sum of all natural numbers, Find the sum of all natural numbers am...

Find the sum of all natural numbers amongst first one thousand numbers which are neither divisible 2 or by 5 Ans:    Sum of all natural numbers in first 1000 integers which ar

Bill traveled 117 miles in 2.25 hours what was his average, Bill traveled 1...

Bill traveled 117 miles in 2.25 hours. What was his average speed? Use the formula d = rt (distance = rate × time). Substitute 117 miles for d. Substitute 2.25 hours for t and

Congruences, Suppose m be a positive integer, then the two integer a and b ...

Suppose m be a positive integer, then the two integer a and b called congurent modulo m ' if a - b is divisible by m i.e.  a - b = m where is an positive integer. The congru

Calcukus, A drug has a decay rate of k = - ¼ ln(¾) / hr. How soon after an ...

A drug has a decay rate of k = - ¼ ln(¾) / hr. How soon after an initial dose of 1600 mg will the drug reach its minimum therapeutic value of 900 mg in the body?

Area related to circle, If ABCD isaa square of side 6 cm find area of shad...

If ABCD isaa square of side 6 cm find area of shaded region

Calculate the difference in payments of home mortgage loan, You have just r...

You have just renegotiated the interest rate of your home mortgage loan. (This is called rate modification.)  The original loan of $400,000 carries an interest rate is 6% has an or

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