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

Index numbers, What are advantages and disadvantages of both Laspeyres and ...

What are advantages and disadvantages of both Laspeyres and Paasche?

Michael has 16 cds how many cds does kathleen have, Michael has 16 CDs. Th...

Michael has 16 CDs. This is four more than twice the amount that Kathleen has. How many CDs does Kathleen have? Let x = the number of CDs Kathleen has. Four more than twice th

Canada australia eire spain, Before independence, Bangladesh was called Cey...

Before independence, Bangladesh was called Ceylon East Pakistan Bhutan Bangalore Which of the following countries does not have a monarch as head of state? Canada Australia Eire

Integerts, how do u add and subtract integers

how do u add and subtract integers

Daily Math, Six times as many people voted in the 2012 election as in the 2...

Six times as many people voted in the 2012 election as in the 2008 election.If 162 people voted in 2008,how many people voted in both elections?

Shares and dividends, suresh invested rs.1080 in shares of face value rs.50...

suresh invested rs.1080 in shares of face value rs.50 at rs.54.After receiving dividend on them at 8% he sold them at 52.In each of the transaction he paid 2 % brokerage.Hpw much d

Measurement of the sampling distribution, Caterer determines that 87% of p...

Caterer determines that 87% of people who sampled the food thought it was delicious. A random sample of 144 out of population of 5000 taken. The 144 are asked to sample the food. I

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