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

Estimate the probability, The following (artificial) data record the length...

The following (artificial) data record the length of stay (in days) spent on a psychiatric ward for 28 consecutive patients who have been sectioned under the mental health act, cla

Root test- sequences and series, Root Test- Sequences and Series This ...

Root Test- Sequences and Series This is the final test for series convergence that we're going to be searching for at.  Like with the Ratio Test this test will as well tell wh

Number sequence, what is the formula to find a sequence on a string of numb...

what is the formula to find a sequence on a string of numbers?

#calculus, Ask question #divergent gradient u vector#

Ask question #divergent gradient u vector#

Easy math margin percentage increase, If A = 100 and B = 44 then A1 =...

If A = 100 and B = 44 then A1 = 120 and B2 = 52.80 A is MAP and B is Tier 6. I need help to find a simple equation that I just cannot find. I just need the percentage

Robin''s nest nursing home had a fundraising target, The Robin's Nest Nursi...

The Robin's Nest Nursing Home had a fundraising target of $9,500. By the end of the fundraiser, they had exceeded their goal through $2,100. How much did they raise? Exceeded

Fundamental theorem of calculus, Fundamental Theorem of Calculus, Part II ...

Fundamental Theorem of Calculus, Part II Assume f ( x ) is a continuous function on [a,b] and also assume that F ( x ) is any anti- derivative for f ( x ) . Then,

What is the meaning of the f-statistic and f test, You are given the follow...

You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months. Q t = 2.5 - 0.3 x P t + 12 x M t Where Q

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