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

Series solution, Find the series solution of2x2y”+xy’+(x2-3)Y=0 about regul...

Find the series solution of2x2y”+xy’+(x2-3)Y=0 about regular singular point

Conic sections, The locus of the midpoint of the chords of an ellipse which...

The locus of the midpoint of the chords of an ellipse which are drawn through an end of minor axis is called

Sets, What is the subset of {a,b,c}

What is the subset of {a,b,c}

Decimals, how to multiply 8654.36*59

how to multiply 8654.36*59

Trignometery., using the formula sin A =under root 1+ cos2A /2 . find value...

using the formula sin A =under root 1+ cos2A /2 . find value of 30 degree, it is being given that cos 60 degree =1/2.

Bits, What is the largest number (in decimal) that can be made with 6 bits?...

What is the largest number (in decimal) that can be made with 6 bits?

Quantitative, A lobster catcher spends $12 500 per month to maintain a lobs...

A lobster catcher spends $12 500 per month to maintain a lobster boat. He plans to catch an average of 20 days per month during lobster season. For each day, he must allow approx

How much will it have depreciated after 2 years, The value of a computer is...

The value of a computer is depreciated over ?ve years for tax reasons (meaning that at the end of ?ve years, the computer is worth $0). If a business paid $2,100 for a computer, ho

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