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

Probability, Mike sells on the average 15 newspapers per week (Monday – Fri...

Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers

Example of integrals involving quadratics, Evaluate the following integral....

Evaluate the following integral. ∫√(x 2 +4x+5) dx Solution: Remind from the Trig Substitution section that to do a trig substitution here we first required to complete t

Solving geometry using algebra, if one side of a square is increased 4 inch...

if one side of a square is increased 4 inches and an adjacement side is multiplied by 4, the perimeter of the resulting rectangle is 3 times the perimeter of the square. find the s

Trigonometry, sin^2alpha sec^2beta +tan^2 beta cos^2alpha=sin^2alpha+tan^...

sin^2alpha *sec^2beta +tan^2 beta *cos^2alpha=sin^2alpha+tan^2 beta

Term paper topics, please suggest me that how can i get the term papers top...

please suggest me that how can i get the term papers topics?

Circumcircle problem, find the radius of circumcircle of an equilateral tri...

find the radius of circumcircle of an equilateral triangle of 6root3 one side.

Find out the greatest common factor, Find out the Greatest Common Factor? ...

Find out the Greatest Common Factor? The largest number that is a common factor of two numbers (that is, both numbers share the same factor) is called the greatest common facto

Number of permutations of ''n'' dissimilar things , Finding the numbe...

Finding the number of Permutations of 'n' dissimilar things taken 'r' at a time: After looking at the definition of permutations, we look at how to evolve a

How many cousins does robert have- miscellaneous math, Bonnie has twice as ...

Bonnie has twice as many cousins as Robert. George has 5 cousins, which is 11 less than Bonnie has. How many cousins does Robert have? Work backwards to find the solution. Geor

Linear programming, I want to send to you a file for my question.How. Could...

I want to send to you a file for my question.How. Could you please send my a link for that.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages