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

Lance has 70 cents margaret has 3/4 who has the most money, Lance has 70 ce...

Lance has 70 cents, Margaret has three-fourths of a dollar, Guy has two quarters and a dime, and Bill has six dimes. Who has the most money? Lance has 70 cents. Three-fourths o

Geometry, I don''t get it .... Help

I don''t get it .... Help

Question, If X = {a, e, i, o, u} and Y = {a, b, c, d, e}, then what is Y - ...

If X = {a, e, i, o, u} and Y = {a, b, c, d, e}, then what is Y - X ?

Curve tracing, how to curve trace? and how to know whether the equation is ...

how to curve trace? and how to know whether the equation is a circle or parabola, hyperbola ellipse?

Algebra, solutions for the equation a-b=5

solutions for the equation a-b=5

Variation of parameters, In the previous section we looked at the method of...

In the previous section we looked at the method of undetermined coefficients for getting a particular solution to p (t) y′′ + q (t) y′ + r (t) y = g (t)    .....................

Geometry, all basic knowledge related to geometry

all basic knowledge related to geometry

Terminology related to division, Terminology related to division :   A goo...

Terminology related to division :   A good way to remedy this situation is to familiarise children with these concepts in concrete, contexts, to start with. For instance, if a chi

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