MATH 1007 Chapter Notes - Chapter 13-17: North South Mrt Line, Best Response, Saddle Point
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There are two players in this game, (cid:272)alled (cid:862)ro(cid:449)(cid:863) a(cid:374)d (cid:862)(cid:272)olu(cid:373)(cid:374)(cid:863) ((cid:271)oth players k(cid:374)o(cid:449) all the entries in the matrix) Row secretly chooses a row (2 choices available to him) Column secretly chooses a column (3 choices available to him) The two players then reveal their choices simultaneously. If row chooses row 2 and column (cid:272)hooses (cid:272)olu(cid:373)(cid:374) (cid:1005), the e(cid:374)try (cid:862)6(cid:863) i(cid:374) the lo(cid:449)er left is identified. This entry represents the number of dollars that column must pay to row. If the entry were negative, such as -12, then row would have to pay column. If row and column both select their first option, then row must pay column. Two-person sum game: one person always pays the other, rock paper scissors. Two people simultaneously show their hands, options being either rock, paper, or scissor. The choices in the game are called the players strategies. The two players are called row who is female and column who is male.
