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

Velocity problem, Velocity Problem : Let's look briefly at the velocity pr...

Velocity Problem : Let's look briefly at the velocity problem.  Several calculus books will treat it as its own problem.  .  In this problem we are given a position function of an

Define a complete lattice, Define a complete lattice and give one example. ...

Define a complete lattice and give one example. Ans:  A lattice (L, ≤) is said to be a complete lattice if, and only if every non-empty subset S of L has a greatest lower bound

Determine the line parallel or perpendicular, Determine if the line that pa...

Determine if the line that passes through the points ( -2, -10) and (6, -1) is parallel, perpendicular or neither to the line specified  by 7 y - 9 x = 15 . Solution Togive

Find out the hydrostatic force on the triangular plate, Find out the hydros...

Find out the hydrostatic force on the following triangular plate that is submerged in water as displayed. Solution The first thing to do here is set up an axis system

Bounded intervals, Let a and b be fixed real numbers such that a ...

Let a and b be fixed real numbers such that a The open interval (a, b): We define an open interval (a, b) with end points a and b as a set of all r

Find out the maximal elements of a poset, Refer the poset  ({1}, {2}, {4}, ...

Refer the poset  ({1}, {2}, {4}, {1,2}, {1,4}, {2,4}, {3,4}, {1,3,4}, {2,3,4}, ≤ ). (i)  Find out the maximal elements. (ii)  Find out the minimal elements. (iii)  Is ther

Find the length of the rectangle, Suppose that the width of a rectangle is ...

Suppose that the width of a rectangle is three feet shorter than length and that the perimeter of the rectangle is 84 feet. a)    Set up an equation for the perimeter involving

Inverse laplace transforms, Determining the Laplace transform of a function...

Determining the Laplace transform of a function is not terribly hard if we've found a table of transforms opposite us to use as we saw in the previous section. What we would want t

Exponents., the (cube square root of 2)^1/2)^3

the (cube square root of 2)^1/2)^3

Concept, uses of maths concept

uses of maths concept

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