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

saxon math, what is the muttiplied number of mutttiplacation calle

what is the muttiplied number of mutttiplacation called

Market, what is market,what is marketing

what is market,what is marketing

Mathematics- in our lives , MATHEMATICS - IN OUR LIVES : What is the mo...

MATHEMATICS - IN OUR LIVES : What is the most obvious example of mathematics in your life? To many of us it is the maths that we studied in school. But is that all the mathemat

Determine equation of tangent line, Determine equation of the tangent line ...

Determine equation of the tangent line to f (x) = 4x - 8 √x  at x = 16 . Solution : We already know that the equation of a tangent line is specified by,

Scalar multiplication - vector arithmetic, Scalar Multiplication - Vector a...

Scalar Multiplication - Vector arithmetic Another arithmetic operation that we wish to look at is scalar multiplication. Specified the vector a → = (a 1 , a 2 , a 3 ) and any

People fit, How many people ca fi in a small cars without seats?

How many people ca fi in a small cars without seats?

Create a table with the number of components of each size, Look on the web ...

Look on the web for a data base that can be converted to an undirected graph.  For  example, in Science there is a data base of proteins and their interactions.  Each protein can b

Area between two curves, Area between Two Curves We'll start with the ...

Area between Two Curves We'll start with the formula for finding the area among y = f(x) and y = g(x) on the interval [a,b].  We will also suppose that f(x) ≥ g(x) on [a,b].

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