Two-person-zero-sum games, Managerial Accounting

Two-person, zero-sum games

Two players X & Y have two alternatives. They show their choices by pressing two types of buttons in front of them but they cannot see the opponents move. It is assumed that both players have equal intelligence and both intend to win the game.

This kind of simple game can be described in tabular form as follows:

2027_table.jpg


The game is biased against Y, since if player X presses button m, he will always win. Therefore Y will be forced to press button r, to cut down his losses.

 

Posted Date: 12/8/2012 3:00:00 AM | Location : United States







Related Discussions:- Two-person-zero-sum games, Assignment Help, Ask Question on Two-person-zero-sum games, Get Answer, Expert's Help, Two-person-zero-sum games Discussions

Write discussion on Two-person-zero-sum games
Your posts are moderated
Related Questions
Fixed assets turnover ratio Meaning: this ratio establishes a relationship among net sales and fixed assets. Objective: the objective of computing this ratio is to verif

Zero-Base Budgeting Zero-Base Budgeting (ZBB) was first developed and introduced for business by Peter A. Pyhrr. From this starting ZBB has been explored and adopted by many o

Cost-volume relationship utilization Cost-volume-profit study is an estimating concept which can be employed in a variety of pricing circumstances. You can employ the cost-volu

Explain about Programmed budget It having expects revenues and cost of various products or projects that are termed as the main programmers of the firm. Such a budget can be pr

Objective Function Although the standard LP model can be either the maximization or the minimization type, it is sometimes useful to convert one form to the other. The maximiz

The other source of spontaneous short-term financing is the accrued expenses which arise by the general conduct of business. An accrued expense is an expense which has been incurre

Hoe to find the cost of goods transferred under weighted average method

A bill is explained as an unconditional order in writing, addressed through one person to the other, signed through the person providing it, requiring the person to whom it is addr

depreciation,depletion and amortisation

Working capital is a necessary requirement for any type of business activity. Banks in India nowadays constitute the main suppliers of working capital credit to any type of busines