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

World problem, Buses to Acton leave a bus station every 24 minutes. Buses t...

Buses to Acton leave a bus station every 24 minutes. Buses to Barton leave the same bus station every 20 minutes. A bus to Acton and a bus to Barton both leave the bus station at 9

Linear Equations, Tommy has a Nexus 4 that charges poorly. He placed his ph...

Tommy has a Nexus 4 that charges poorly. He placed his phone to charge,after 20 minutes the phone was 27% and after 85 minutes the phone was at 66%. Find how many percentage the p

Strategic , Hi need a help for marketing strategic assignment Could you ab...

Hi need a help for marketing strategic assignment Could you able to help me???

Derivative for parametric equations, Derivative for Parametric Equations ...

Derivative for Parametric Equations dx/dy = (dx/dt) / (dy/dt) ,         given dy/dt ≠ 0 Why would we wish to do this? Well, remind that in the arc length section of the Appl

Application of related rates to economics and business, the wholesale p of ...

the wholesale p of string beans in dollars per bushel and the daily supply x in thousands of bushel,are related by the equation px+6x+7p=5950. if the supply is decreasing at the r

Trignometry, how to find value of cos20 without using calculator

how to find value of cos20 without using calculator

What was the dow at the end of the day after the 2% drop, The Dow Jones Ind...

The Dow Jones Industrial Average fell 2% presently. The Dow began the day at 8,800. What was the Dow at the end of the day after the 2% drop? The Dow lost 2%, so it is worth 9

Relations, test is tomorrow, don''t know anything lol, please help

test is tomorrow, don''t know anything lol, please help

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