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

Area related to circles, railway tunnel of radius 3.5 m and angle aob =90 f...

railway tunnel of radius 3.5 m and angle aob =90 find height of the tunnel

Find the length of the boundary and the area of the shaded, The boundary of...

The boundary of the shaded portion in the adjoining figure consists of our half-circles and two quarter-circles.  Find the length of the boundary and the area of the shaded portion

.fractions, what is the difference between North America''s part of the tot...

what is the difference between North America''s part of the total population and Africa''s part

Explain graphing equations with a negative slope, Explain Graphing Equation...

Explain Graphing Equations with a Negative Slope? If the slope is a negative fraction, place the negative sign on either the numerator or the denominator. Example graph y = -2/

Quadratic Equations, how to find minimum value of quadratic equation?

how to find minimum value of quadratic equation?

Algebraic expressions, how to simplify an expression which has different si...

how to simplify an expression which has different signs

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