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

Trigonometry, trigonometric ratios of sum and difference of two angles

trigonometric ratios of sum and difference of two angles

Statistics, what is the meaning of statistics

what is the meaning of statistics

Area, area of r=asin3x

area of r=asin3x

Determine if following sequences are monotonic or bounded, Determine if the...

Determine if the following sequences are monotonic and/or bounded. (a)   {-n 2 } ∞ n=0 (b) {( -1) n+1 } ∞ n=1 (c) {2/n 2 } ∞ n=5 Solution {-n 2 } ∞ n=0

Volume of grains in the silo , The volume of grains in a silo at a particul...

The volume of grains in a silo at a particular time (measured in hours) is given by V (t) = 4t(3-t) m 3 . Find the rate of change of the volume of grains in the silo from first pri

Precalculus help, tsunami equation A sin (b * t) + k what is b supposed t...

tsunami equation A sin (b * t) + k what is b supposed to be if t is time a is amplitude and k is average water level (not exact value of b just what is it)

Position vector - calculus, Position Vector There is one presentation o...

Position Vector There is one presentation of a vector that is unique in some way.  The presentation of the ¯v = (a 1 ,a 2 ,a 3 ) that begins at the point  A = (0,0,0) and ends

Simple equations, three times the first of the three consecutive odd intege...

three times the first of the three consecutive odd integers is 3 more than twice the third integer. find the third integer.

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