Xs strategy, Managerial Accounting

X's Strategy

X will like to divide his play between his rows in such a way that his expected winnings or losses when Y plays the first column will be equal to his expected winnings or losses when Y plays the second column.

337_table1.jpg

Total = Q + 5(1-Q)

1954_table2.jpg



Total = 4Q + 3(1-Q)

Therefore, Q + (1-Q)5 = 4Q + 3(1-Q)
Giving Q = 2/5    and    (1-Q)    = 3/5

This means that player X should play his first row 2/5th of the time and his second row 3/5 of the time.

Using the same reasoning Y' Strategy;

1 X R + 4(1-R) =     5R + 3(1-R)
Giving R = 1/5    and    (1-R)    = 4/5

This means that player Y should divide his time between his first and second column in the ratio 1:4

This is shown in the following matrix:

768_formula.jpg

Posted Date: 12/8/2012 3:15:06 AM | Location : United States







Related Discussions:- Xs strategy, Assignment Help, Ask Question on Xs strategy, Get Answer, Expert's Help, Xs strategy Discussions

Write discussion on Xs strategy
Your posts are moderated
Related Questions
Explain Functional classification a)  Liquidity ratio: these are the ratio which measures the short term solvency or financial position of a firm. These ratios are calculati

Hornsby Manufacturing has four categories of overheads. The four categories and the expected overhead costs for each category for next year are as follows:   Maintenance  $140,000

Determine the cost according to normality According to normality: under this category cost may be categorized as follows: Normal cost: it is the cost which is normally i

Management Accounting An accounting discipline concerned with the use of financial information. It used to relevant information by managers and other decision makers inside a s

Total inventory costs formula Total inventory costs will be as follows: Total inventory costs = Purchase price cost + carrying costs + stock-out cost + order costs. Tota

ADVANTAGES OF "ABC ANALYSIS" The advantages derived from this analysis and its consequent follow up are summarized below: 1) Facilities selective control and thereby save va

Stages of the suggestion system 1) Encouragement : in the first stage management should make every effort to help the workers provide suggestion no matter how primitive for th


Imposed Budgets In this approach to budgeting, top management prepares a budget with little or no help from operating personnel, which is then obligatory upon the employees who

Describe the impact of different types of standards on motivations and specifically,the likely effect on motivation of adopting the labor standard recommended?