Saddle point-game theory, Mathematics

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.

 

Posted Date: 2/19/2013 5:39:31 AM | Location : United States







Related Discussions:- Saddle point-game theory, Assignment Help, Ask Question on Saddle point-game theory, Get Answer, Expert's Help, Saddle point-game theory Discussions

Write discussion on Saddle point-game theory
Your posts are moderated
Related Questions
determine the equation that represent the following lines be sure to define your variable and show all of your work

Q. What is Combination Formula? Ans. The difference between combinations and permutations is that permutations take ordering into consideration, whereas combinations do no

The average age of a woman and her daughter is 16 years. The ratio of their ages is 7: 1. Then the woman''s age is

A worker retires with a lump sum superannuation benefit of $500,000. She immediately invests this money in a fund earning 5% pa effective. One year after retirement she begins maki

express the area of a square with sides of length 5ab as monomial

Initial Conditions and Boundary Conditions In many problems on integration, an initial condition (y = y 0 when x = 0) or a boundary condition (y = y

Find the middle term of the AP 1, 8, 15....505. A ns:    Middle terms a + (n-1)d = 505 a + (n-1)7 = 505 n - 1 = 504/7 n = 73 ∴ 37th term is middle term a 37

Given the vectors u = 3 i - 2 j + k ,   v = i + 2 j - 4 k ,    w = -2 i + 4 j - 5 k use vector methods to answer the following: (a) Prove u , v and w can form

FIRST OF ALL I WANNA KNOW THECHNIQUES, I CAT DIVIDE BIG BIG NUMBERS , EVERYTHING IN MATH IIS VERY HARD FOR ME I HOPE YOU CAN HELP ME

Total Contribution per Year for next 10yeras =$1000+$800 =$1800 So Total Future fund Vaule  =$1800*(1+1.073+power(1.073,2)+ power(1.073,2)+ power(1.073,3)+ power(1.073,4)+ power