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

About matrix?, Explain sparse matrix and Dense matrix?

Explain sparse matrix and Dense matrix?

Pair of straight lines, find the equation of locus of point which lies on b...

find the equation of locus of point which lies on bisectors of angles between the coordinate axes

Trigonometry, important trigonometric formulas for class 10th CBSC board

important trigonometric formulas for class 10th CBSC board

Proof of alternating series test, Proof of Alternating Series Test With...

Proof of Alternating Series Test With no loss of generality we can assume that the series begins at n =1. If not we could change the proof below to meet the new starting place

What is sherman''s pulse rate in beats per minute, Sherman took his pulse f...

Sherman took his pulse for 10 seconds and counted 11 beats. What is Sherman's pulse rate in beats per minute? A 10 second count is 1/6 of a minute. To find out the number of be

Activity example of one to one correspondence learning, Devise one activity...

Devise one activity each to help the child understand 'as many as' and 'one-to-one correspondence'. Try them out on a child/children in your neighbourhood, and record your observat

Fractions, which fractions is equivalent to 5/ 6 a.20/24 b.9/10 c.8/18 d....

which fractions is equivalent to 5/ 6 a.20/24 b.9/10 c.8/18 d.10/15

Find the number of males and females in the village, The population of the ...

The population of the village is 5000.  If in a year, the number of males were to increase by 5% and that of a female by 3% annually, the population would grow to 5202 at the end o

What is the width of the walkway in feet, A garden in the shape of a rectan...

A garden in the shape of a rectangle is surrounded through a walkway of uniform width. The dimensions of the garden only are 35 by 24. The field of the garden and the walkway toget

Fractions, what is greater than three forths

what is greater than three forths

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