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

Probability, There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs ...

There are 20 defective bulbs in a box of 100 bulbs.if 10bulbs are choosen at random then what is the probability of there are just 3defective bulbs

Why x and y are simplifying expressions, Why x and y are Simplifying Expres...

Why x and y are Simplifying Expressions? You're doing algebra now, and you know you're going to see x's and y's. But before we work with x's and y's, we'll explore why we use t

Time and Work, A and B can finish a piece of work in 16 days and 12 days re...

A and B can finish a piece of work in 16 days and 12 days respectively.A started a work and worked at it for 2 days.He was then joined by B.Find the total time taken to finish the

Revenue and profit functions, Now let's move onto the revenue & profit func...

Now let's move onto the revenue & profit functions. Demand function or the price function Firstly, let's assume that the price which some item can be sold at if there is

Series, if abebe murepay a $100000interse free loan by making annuallypaym...

if abebe murepay a $100000interse free loan by making annuallypayment of 1st

Find out that vector are linearly dependent, Find out if the following set ...

Find out if the following set of vectors are linearly independent or linearly dependent. If they are linearly dependent get the relationship among them. Solution : Ther

Real numbers, how to present root numbers on a number line

how to present root numbers on a number line

Please help me solve these Problems step by step, What angle (to the neares...

What angle (to the nearest degree) corresponds to the cos 0.6 or what is cos-1(0.6)? (Note: Use Appendix I) What angle (to the nearest degree) corresponds to the sin 0.6 or what

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