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
if the ratio of boys to girls ism 3 to 5, then what percent of the students are boys


Ut=Uxx+A exp(-bx) u(x,0)=A/b^2(1-exp(-bx)) u(0,t)=0 u(1,t)=-A/b^2 exp(-b)

In the National Hockey championship, there are 30 independent ice hockey teams. Every of the teams will play 82 official NHL games every year. Many teams will have to travel from t

A Class 4 teacher was going to teach her class fractions. At the beginning of the term she asked the children, "If you had three chocolates, and wanted to divide them equally among

Probability Distributions Since the value of a random variable cannot be predicted accurately, by convention, probabilities are assigned to all the likely values that the varia

A palm tree of heights 25m is broken by storm in such a way that its top touches the ground at a distance of 5m from its root,but is not separated from the tree.Find the height at

Q. How to Multiply two Fractions? Multiplying fractions is really easy! The rule is: "multiply across"- You multiply the numerators, and you multiply the denominators.

Discrete Uniform Distribution Acme Limited is a car manufacturer. The company can paint the car in 3 possible colors: White, Black and Blue. Until the population is sampled, th

what is the least number of faces and bases the paperweight could have?