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 of a circle, How do you find the area of a circle given the diameter?

How do you find the area of a circle given the diameter?

Fundamental sets of solutions, The time has at last come to describe "nice ...

The time has at last come to describe "nice enough". We've been using this term during the last few sections to explain those solutions which could be used to form a general soluti

Ratio, ther are 162 student in a school.20 of them are girls .how many are ...

ther are 162 student in a school.20 of them are girls .how many are boy

Radius of rhim, how long is the radius of car tyre?

how long is the radius of car tyre?

Explain graphing equations with a negative slope, Explain Graphing Equation...

Explain Graphing Equations with a Negative Slope? If the slope is a negative fraction, place the negative sign on either the numerator or the denominator. Example graph y = -2/

Maths question, if the numerator of a fraction is decreased by 40% and the ...

if the numerator of a fraction is decreased by 40% and the denominator is increased by 100% the new value is 1. what was the original factor

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