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

Calculate the profit of company, Company A and Company B have spent a lot o...

Company A and Company B have spent a lot of money on research to develop a cure for the common cold. Winter is approaching and there is certainly going to be a lot of demand for th

ConnectEd, How do I increase and decrease tax and sales

How do I increase and decrease tax and sales

Circumcircle problem, find the radius of circumcircle of an equilateral tri...

find the radius of circumcircle of an equilateral triangle of 6root3 one side.

SURFACE AREA AND VOLUMES, Metallic spheres of radii 6 centimetre, 8 centime...

Metallic spheres of radii 6 centimetre, 8 centimetre and 10 centimetres respectively are melted to form a single solid sphere. Find the radius of the resulting sphere.

Mathematical statements are unambiguous- nature of math, Mathematical State...

Mathematical Statements Are Unambiguous :  Consider any mathematical concept that you're familiar with, say, a sphere. The definition of a sphere is clear and precise. Given any o

Decimals, how to multiply 8654.36*59

how to multiply 8654.36*59

NUMERABILITY, AFIGURE THIS OUT(3) (14) (17) (20) (25)= 8 WHAT ARE THE PROC...

AFIGURE THIS OUT(3) (14) (17) (20) (25)= 8 WHAT ARE THE PROCEDURES (-)(+)(x)(div) BETWEEN EACH NUMBER TO COME UP WITH 8 ?sk question #Minimum 100 words accepted#

Calculate the difference in payments of home mortgage loan, You have just r...

You have just renegotiated the interest rate of your home mortgage loan. (This is called rate modification.)  The original loan of $400,000 carries an interest rate is 6% has an or

Give the example of exponents, Give the example of Exponents? When a nu...

Give the example of Exponents? When a number is multiplied several times, it is easier to write it as an exponent. For example, four multiplied to itself three times, is writte

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