Standard conventions in game theory, Mathematics

Assignment Help:

Standard conventions in game theory

Consider the given table:

Y

 

3

-4

X

-2

1

  • X plays row I, Y plays columns I, X wins 3 points
  • X plays row I, Y plays columns II, X looses 4 points
  • X plays row II, Y plays columns I, X looses 2 points
  • X plays row II, Y plays columns II, X wins 1 points

3, -4, -2, 1 are the identified pay offs to X(X takes precedence over Y)

here the game has been represented in the form of a matrix. When the games are expressed in this fashion the resulting matrix is commonly known as PAYOFF MATRIX

 

 


Related Discussions:- Standard conventions in game theory

How many people are usual to vote for mr salva on survey, The Daily News re...

The Daily News reported that 54% of people surveyed said in which they would vote for Larry Salva for mayor. Based on the survey results, if 23,500 people vote in the election, how

Find the probability of drawing a diamond card, Find the probability of dra...

Find the probability of drawing a diamond card in each of the two consecutive draws from a well shuffled pack of cards, if the card drawn is not replaced after the first draw

Area under curve, Write a program to find the area under the curve y = f(x)...

Write a program to find the area under the curve y = f(x) between x = a and x = b, integrate y = f(x) between the limits of a and b. The area under a curve between two points can b

LINEAR PROGRAMMING, Richland Health has three hospitals in the greater Tamp...

Richland Health has three hospitals in the greater Tampa, Florida area. Demand for patient services varies considerably during the fall and winter months due to the temporary influ

Complex fractions, A small airplane used 5and2over3 gallons of fuel to fly ...

A small airplane used 5and2over3 gallons of fuel to fly a 2 hour trip.how many gallons were used each hour

SHARES AND DIVIDEND, i am a student of class 10 and need help for making my...

i am a student of class 10 and need help for making my project on shares and dividend

Find out a if f(x) is continuous at x = -2 , Example   Given the graph of ...

Example   Given the graph of f(x), illustrated below, find out if f(x) is continuous at x = -2 , x = 0 , and x = 3 . Solution To give answer of the question for each

Find out the slope of equations, Example:  find out the slope of equations ...

Example:  find out the slope of equations and sketch the graph of the line.                         2 y - 6x = -2 Solution To get the slope we'll first put this in slope

How to converting fractions to decimals explain with example, How to Conver...

How to Converting Fractions to Decimals explain with example? To convert fractions to decimals, divide the numerator by the denominator. The quotient is the decimal. Ex

Progressions, The sum of the series 1+1/2+1/4+......is

The sum of the series 1+1/2+1/4+......is

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd