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

Pemdas, 15(4*4*4*4*+5*5*5)+(13*13*13+3*3*3)

15(4*4*4*4*+5*5*5)+(13*13*13+3*3*3)

Probability rules, Probability Rules A probability is a number as...

Probability Rules A probability is a number assigned to the occurrence of an event in a sample space. Probability measures must satisfy three rules. If A is an even

Long distance calls cost x cent how much 5-minute call cost, A long distanc...

A long distance calls costs x cents for the first minute and y cents for every additional minute. How much would a 5-minute call cost? The cost of the call is x cents plus y ti

Word problem, a recipe good for 4 servings require 1/8 tsp. black pepper an...

a recipe good for 4 servings require 1/8 tsp. black pepper and 1/2 tsp. of salt. how much black pepper and how much salt needed for 2 servings?

How long will the board be after he makes the cut, Tom is cutting a piece o...

Tom is cutting a piece of wood to form a shelf. He cut the wood to 3.5 feet, but it is too long to fit in the bookshelf he is forming. He decides to cut 0.25 feet off the board. Ho

Geometry, the figure is a rectangle with angle y=60. Find angle x

the figure is a rectangle with angle y=60. Find angle x

What are real numbers, The hole set of irrational and rational numbers is t...

The hole set of irrational and rational numbers is the set of real numbers and is representing by R. Thus, the real numbers can also be describe in terms of position of a point on

Find out the surface area of the solid, Find out the surface area of the so...

Find out the surface area of the solid acquired by rotating y = √ (9-x 2 ), - 2 x 2 about the x-axis. Solution The formula that we'll be using here is, S = ∫ 2Πyds

Example to understanidng of multiplication, 6-year-old Rahul wasn't able to...

6-year-old Rahul wasn't able to understand multiplication when it was thrust upon him in school. His mother discussed this problem with some of us. On the basis of suggestions that

Correlation coefficient, Correlation coefficient - These are numerical...

Correlation coefficient - These are numerical measures of the correlations existing between the independent and the dependent variables - These are better measures of corre

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