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.


Total = Q + 5(1-Q)


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:


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
Types of games Four basic ways in which competitive situations (or games) can be classified are: (a) Number of Competitors: In game theory a competitor is characteriz

Definition of Cost reduction Cost reduction is planned positive approach to reducing expenditure. Cost reduction exercises are planned campaigns to cut expenditure. It is a con

Q. What is the issue price for Bond A and B ? On December 31, 20x7, the Jill Corporation issued $20,000,000 of 15 year face value bonds. The bonds pay interest on June 30 and D

solution to problem 2-23,T-Accounts;applied overhead of Kleinman Company is a manufacturing firm and employess a job-order costing system.

What is Costco''s Financial decisions, Centralized or decentralized?

underlying assumptions of breakeven analysis and the limitations of this.

Q. Pricing over the life cycle of a product? The cycle begins with the invention of the new product. The innovation of a new product and its degeneration to a common product is

Interpretation of equity ratio As equity ratio show the relationship of owner funds to total assets higher the ratio or the share of the shareholders in the total capital of th

Cretin Enterprises uses a predetermined overhead rate of $21.40 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $171,200 of total manufact