Games and Decisions - Finite Mathematics
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Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minmum element of each row is shown in red:
Both saddle point entries are in Column 3, so we select the greater of the two, 
, as the saddle point entry.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minmum element of each row is shown in red:
Both saddle point entries are in Column 3, so we select the greater of the two,
Compare your answer with the correct one above
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:
Of these three entries, only 75 is the maximum of its column. This is the correct choice.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:
Of these three entries, only 75 is the maximum of its column. This is the correct choice.
Compare your answer with the correct one above
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:
Of the three, only 100 is the maximum element of its column. This is the saddle point entry.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:
Of the three, only 100 is the maximum element of its column. This is the saddle point entry.
Compare your answer with the correct one above
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
Consider the following payoff matrix for a game:
Give the value of the saddle point entry of the matrix, if it exists.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:
Of the three, only 500 is the maximum of its column, making 500 the saddle point entry.
If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minimum element of each row is shown in red:
Of the three, only 500 is the maximum of its column, making 500 the saddle point entry.
Compare your answer with the correct one above