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

1, how do you find the perimeter of an equalateral triangle

how do you find the perimeter of an equalateral triangle

Ronding off numbers, how to round off numbers to the nearest tens and to th...

how to round off numbers to the nearest tens and to the nearest hundred

Hypothesis testing of the difference between proportions, Hypothesis Testin...

Hypothesis Testing Of The Difference Between Proportions Illustration Ken industrial producer have manufacture a perfume termed as "fianchetto." In order to test its popul

Factoring out the greatest common factor, Factoring out the greatest common...

Factoring out the greatest common factor of following polynomials.                    8x 4 - 4 x 3 + 10 x 2  Solution Primary we will notice that we can factor out a

Fundamentals of math, When there are 4 dots how many chords are they

When there are 4 dots how many chords are they

Relation between hieght, volume=(1/3)(pi)(radius of base)2(height) curved ...

volume=(1/3)(pi)(radius of base)2(height) curved surface area=(pi)(r)(l), r is radius of base and l is length of straight line connecting apex of cone with point on edge of base

Areas related to circles in mensuration, AREAS  RELATED TO CIRCLES The...

AREAS  RELATED TO CIRCLES The  mathematical  sciences particularly  exhibit  order,  symmetry,  and limitation;  and  these  are the  greatest  forms  of the beautiful. In t

What is the width of the walkway in feet, A garden in the shape of a rectan...

A garden in the shape of a rectangle is surrounded through a walkway of uniform width. The dimensions of the garden only are 35 by 24. The field of the garden and the walkway toget

Real Analysis/Advanced Calculus (Needs to be a full proof), Both need to be...

Both need to be a full page, detailed proof. Not just a few lines of proof. (1) “Every convergent sequence contains either an increasing, or a decreasing subsequence (or possibly

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