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Standard conventions in game theory
Consider the given table:
Y
3
-4
X
-2
1
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
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Solve the subsequent LP problem graphically through enumerating the corner points. MAX: 3X1 + 4X2 Subject to: X1 12 X2 10
3 multiplied by 5 by 3
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