Got a tricky question? Receive an answer from students like you! Try us!

Pure Strategy - Math Problem Example

Only on StudentShare
Author : craigtromp

Summary

Pure Strategy occurs when the best strategy for each player is to choose the same option for all plays of the game. If there is a pure strategy, A plays i and B plays j (say), then the ijth element (the payoff to A per play) is called a saddle point.
Player A would prefer to have the largest value possible from those highlighted…

Extract of sample
Pure Strategy

In the diagram this can be seen to occur when the line V = 2 + 7X intersects with V= 6 - 3X which occurs at the point as determined below.
The minimax criteria is to maximise the minimum values. To find the solution for B's strategy we need to identify and solve the 2 by 2 pay-off matrix associated with A's optimal strategy. In this case that will be the columns associated with the lines V= 2 + 7X and V= 6 - 3X. Hence
The value decides the type of the show to be put out in order to maximise the ratings over the coming TV season. The value against Detective has more gain (approximately 3.33) and hence it has to be put out in order to maximise the ratings.
...
Download paper

Related Essays

Phenomenology
According to these authors, the concerns were whether measurement, categorisation or statistical indexes that characterises the quantitative research approaches were adequate to understand a person, in its entirety; and the ability of such research paradigms to adequately explain or predict human experience (Van der Zalm and Bergum, 2000).…
12 pages (3012 words)
Narrative and Numbers
Gabriel (2000), however, aims to make a distinction between narratives and stories. He emphatically argues that "not all narratives are stories", further stressing that "factual or objective accounts of events that aspire at objectivity rather than emotional effect must not be treated as stories." (p. 5)…
19 pages (4769 words)
Jamar Dynamometer
William A. Hammond MD sought after lifting up the condition of neurologists on top of that of universal practitioners, partially by the utilization of complicated tools like that of the handgrip dynamometer in addition to dynamograph. The community who invented these machines was time and again the individuals who utilized them, like that of the Dr. John Harvey Kellogg, Dr. William Hammond and Sir Francis Galton. There is limited information in relation to early on potency evaluation tools. a large number of the prehistoric writings have been mislaid throughout the wars in which the libraries…
13 pages (3263 words)
The Origins of First Stars
Investigating how from the universe was created and how this led to the precise moment in time when these first stars could and did evolve was researched and presented. Through a thorough examination of years of research, how first stars were created and when they came into existence was answered. This research also yielded the fact that no first star still exists within our galaxy - the Milky Way. Although, I am satisfied with the findings of this research that the Milky Way contains no Population III Stars, I can not help but sit here and wonder if somewhere in the outermost areas of the…
24 pages (6024 words)
Research and Academic Skills
If anyone is doing research on experiment learning within a practical subject i.e Hairdressing, you will look around, compare your initiative with others, compare your facilities, and so on. You might look at specialist, make promotions. In other words, before you bring anything you will collect verification and appraise it before making a final decision.…
13 pages (3263 words)