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

Shares, a person having rs.10 shares of value rs.6000 in a company which pa...

a person having rs.10 shares of value rs.6000 in a company which pays a 7% dividend invested the money gained by selling those shares and bought rs.25 shares at rs.24 per share in

Product moment coefficient, Product Moment Coefficient This gives an i...

Product Moment Coefficient This gives an indication of the strength of the linear relationship among two variables. Note that this formula can be rearranged to have di

Surds, I wanted to know what are surds.please explain with an example.

I wanted to know what are surds.please explain with an example.

Quadratic equation whose roots are real, Write the quadratic equation whose...

Write the quadratic equation whose roots are real and non conjugate Ans)  x^2-x+6=0 ...roots are real and non conjugate

How many miles will he jog in 30 minutes, Mike can jog 6.5 miles per hour. ...

Mike can jog 6.5 miles per hour. At this rate, how many miles will he jog in 30 minutes? Thirty minutes is half an hour. Thus, divide the number of miles Mike can jog in one ho

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

Example on eulers method, For the initial value problem y' + 2y = 2 - e ...

For the initial value problem y' + 2y = 2 - e -4t , y(0) = 1 By using Euler's Method along with a step size of h = 0.1 to get approximate values of the solution at t = 0.1, 0

They preferred comedies, A survey was done where a random sample of people ...

A survey was done where a random sample of people 18 and over were asked if they preferred comedies, dramas, or neither. The information gathered was broken down by age group and t

Compound and simple interest, Your grandparents gave you a gift of R2 000 o...

Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per

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