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Standard conventions in game theory
Consider the given table:
Y
3
-4
X
-2
1
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
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X-intercept If an intercept crosses the x-axis we will call it as x-intercept . Y-intercept Similar, if an intercept crosses the y-axis we will call it as a y-inter
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100+5000
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