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

Area between curves, Area between Curves In this section we will be fi...

Area between Curves In this section we will be finding the area between two curves. There are in fact two cases that we are going to be looking at. In the first case we des

Complex number, a ,b,c are complex numbers such that a/1-b=b/1-c=c-1-a=k.fi...

a ,b,c are complex numbers such that a/1-b=b/1-c=c-1-a=k.find the value of k

How to solve two-step equations, How to solve Two-Step Equations? Two-s...

How to solve Two-Step Equations? Two-step equations involve two math operations - one operation is addition or subtraction. The second operation is multiplication or division.

What is the evaluation of angle, In a periscope, a pair of mirrors is mount...

In a periscope, a pair of mirrors is mounted parallel to each other as given. The path of light becomes a transversal. If ∠2 evaluate 50°, what is the evaluation of ∠3? a. 50°

Simultaneous equations, i need a step by step guide to answering simultaneo...

i need a step by step guide to answering simultaneous equation for gcses

Cartesian graph of density of water - temperature, Cartesian Graph of Densi...

Cartesian Graph of Density of Water - Temperature: Example:  The  density  of  water  was  measured  over  a  range  of  temperatures.   Plot the subsequent recorded data on

Problem solving, Let E; F be 2 points in the plane, EF has length 1, and le...

Let E; F be 2 points in the plane, EF has length 1, and let N be a continuous curve from E to F. A chord of N is a straight line joining 2 points on N. Prove if 0 and N has no cho

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