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

Study market, what toold we need to study market

what toold we need to study market

Functions of many variables, There may be more than one independent v...

There may be more than one independent variable which determines the value of y. The dimension of a function is determined by the number of independent variables in the

Second order differential equations, In the earlier section we looked at fi...

In the earlier section we looked at first order differential equations. In this section we will move on to second order differential equations. Just as we did in the previous secti

Trigonometry, if theta is a positive acute angle and 2sin theta +15cos squ...

if theta is a positive acute angle and 2sin theta +15cos square theta=7 then find the value of cot theta

Probability - Compound Events, David wants to rent a movie. He wants to wat...

David wants to rent a movie. He wants to watch either a comedy or a drama. The movie rental store has 18 comedies and dramas available for rent. Seven of the movies are comedies, a

Percents, write as a percent 6/10

write as a percent 6/10

Precal, The law of cosines can only be applied to acute triangles. Is this ...

The law of cosines can only be applied to acute triangles. Is this true or false?

Differential equations, Verify Liouville''s formula for y "-y" - y'' + y = ...

Verify Liouville''s formula for y "-y" - y'' + y = 0 in (0, 1) ?

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