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

Describe adding and subtracting fractions in details, Describe Adding and S...

Describe Adding and Subtracting Fractions in details? To add or subtract fractions, here are some steps: 1. Find the lowest common denominator (LCD) or any common denominato

Do all our activities involve mathematics?, Do All Our Activities Involve M...

Do All Our Activities Involve Mathematics? :  The answer to this is 'yes' and 'no'. For those who look for mathematics and know where to look for it, it is 'yes'. For those who do

Integerts, how do u add and subtract integers

how do u add and subtract integers

Algebra problem solving , A rectangles lenth is (x+4) and width is (x+3).By...

A rectangles lenth is (x+4) and width is (x+3).By adding binomials give its perimiter

Determine the poisson probability distribution, A manufacturer assures his ...

A manufacturer assures his customers that the probability of having defective item is as 0.005. A sample of 1000 items was inspected. Determine the probabilities of having the give

If 1/x+2, if 1/x+2, 1/x+3, 1/x+5 are in AP find x Ans 1/x+2,1/x+3, 1/x+5...

if 1/x+2, 1/x+3, 1/x+5 are in AP find x Ans 1/x+2,1/x+3, 1/x+5 are in AP find x. 1/x+3 - 1/x+2 = 1/x+5-1/x+3 =>  1/x 2 +5x+6  = 2/ x 2 +8x +15 =>  On solving we get x

Determine the area of the walkway, Mark is preparing a walkway around his i...

Mark is preparing a walkway around his inground pool. The pool is 20 by 40 ft and the walkway is intended to be 4 ft wide. Determine the area of the walkway? a. 224 ft 2 b.

How many types of integer operatiions explain, How many types of Integer Op...

How many types of Integer Operatiions explain? Adding Integers The rules for adding integers are: 1. A positive number plus a positive number equals the sum of the two pos

Concurrent deviation method, Normal 0 false false false ...

Normal 0 false false false EN-IN X-NONE X-NONE

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