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

Marketing management , Draw the typical profile(s) of Shoppers'' Stop custo...

Draw the typical profile(s) of Shoppers'' Stop customers segments.

Trigonometry, 1-tan^2 A/1+tan^2 = cos A - sinA/cos A

1-tan^2 A/1+tan^2 = cos A - sinA/cos A

Determine the matrix that performs a horizontal compression, (a) Determine ...

(a) Determine the matrix that first rotates a two-dimensional vector 180° anticlockwise, and then per- forms a horizontal compression of the resulting vector by a factor 1/2 (leavi

Show inverse trigonometric functions, Q. Show Inverse Trigonometric Functio...

Q. Show Inverse Trigonometric Functions? Ans. Many functions, including trig functions, are invertible. The inverse of trig functions are called ‘inverse trig functions'.

How to find total no. of unordered pairs , How to find total no. of unorder...

How to find total no. of unordered pairs of disjoint subsets of a finite set? Solution) Suppose A and B are two such disjoint subsets of the set S. Then every element can go into

Cartesian product-categories of multiplication, Cartesian product - situat...

Cartesian product - situations in which the total number of ordered pairs (or triples, or ...) are do be found. (e.g., if Hari makes 'dosas' of 3 different sizes, with 4 different

How to find the range of a function, How to Find the range of a function ? ...

How to Find the range of a function ? Sigh. Students ask me this all the time. They don't want an explanation, they want a procedure. "Tell me the steps!" Unfortunately, th

Slope of tangent line, Slope of Tangent Line : It is the next major interp...

Slope of Tangent Line : It is the next major interpretation of the derivative. The slope of the tangent line to f ( x ) at x = a is f ′ ( a ) . Then the tangent line is given by,

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