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

Find the instantaneous rate, The time t required to test a computer memor...

The time t required to test a computer memory unit is directly proportional to the square of the number n of memory cells in the unit. For a particular type of unit, n = 6400

Example of exponential smoothing, Example of Exponential Smoothing ...

Example of Exponential Smoothing By using the previous example and smoothing constant 0.3 generate monthly forecasts Months Sales Forecast

Las leyes de kepler, la expresión que permite calcular el radio medio de la...

la expresión que permite calcular el radio medio de la órbita de cada planeta es?

What is conditional probability, Q. What is Conditional Probability? A...

Q. What is Conditional Probability? Ans. What is the probability that George will pass his math test if he studies? We can assume that the probabilities of George passing

Mathematics Warm-Ups for CCSS, Ask question #Minimum 100 words accepted wha...

Ask question #Minimum 100 words accepted what is a ratio

Examples of logarithms, Examples of logarithms: log 2   8 = 3         ...

Examples of logarithms: log 2   8 = 3                                            since    8 = 2 3 log 10   0.01 = -2                                    since    0.01 = 10

How many feet huge is her dining room, Audrey measured the width of her din...

Audrey measured the width of her dining room in inches. It is 150 inches. How many feet huge is her dining room? There are 12 inches in a foot. Divide 150 by 12 to find out the

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