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

Geometric mean, When three quantities a, b and c are in G.P., t...

When three quantities a, b and c are in G.P., then the geometric mean "b" is calculated as follows. Since these quantities are in G.P., the r

Continuous uniform distribution, Continuous Uniform Distribution Consid...

Continuous Uniform Distribution Consider the interest earned on a bank deposit. Let X equal the value after the decimal point. (Assume no rounding off to the nearest paise.) Fo

What is the greater of two consecutive negative integers, What is the great...

What is the greater of two consecutive negative integers whose product is 132? Let x = the lesser integer and let x + 1 = the greater integer. Because product is a key word for

Sequence, how to find the indicated term?

how to find the indicated term?

Where is the bus in relation to the hotel, A bus picks up a group of touris...

A bus picks up a group of tourists at a hotel. The sightseeing bus travels 2 blocks north, 2 blocks east, 1 block south, 2 blocks east, and 1 block south. Where is the bus in relat

Current and conductors, GIVE ME EXAMPLES

GIVE ME EXAMPLES

Power rule, Power rule: d(x n )/dx = nx n-1 There are really three ...

Power rule: d(x n )/dx = nx n-1 There are really three proofs which we can provide here and we are going to suffer all three here therefore you can notice all of them. T

Arithmetic mean, When three quantities are in A.P., then the middle...

When three quantities are in A.P., then the middle one is said to be the arithmetic mean of the other two. That is, if a, b and c are in A.P., then b is th

Las leyes de kepler, la expresión que permite calcular el radio medio de la...

la expresión que permite calcular el radio medio de la órbita de cada planeta es?

Limit properties, Limit Properties : The time has almost come for us t...

Limit Properties : The time has almost come for us to in fact compute some limits. Though, before we do that we will require some properties of limits which will make our lif

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages