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non zero sum gamesrecently there was no satisfactory theory either to describe how people should play non-zero games or to explain how they actually
saddle pointthis point in a pay off matrix is one which is the largest value in its column and the smallest value in its row this is also termed as
strategyit refers to a total pattern of choices employed by any player strategy could be pure or a mixed onein a pure strategy player x will play one
standard conventions in game theoryconsider the given tabley 3-4x-21 x plays row i y plays columns i x wins 3 points x plays row i y plays columns
rules of game theoryi the number of competitors is finiteii there is conflict of interests among the participantsiii each of
game theoryit is used to find out the optimum strategy in a competitive conditionwhile two or more competitors are engaged in making decisions this
advantages of decision trees1 this clearly brings out implicit calculations and assumptions for all to see question and revise2 this is simple to
value of perfect informationthis relates to the amount that we would pay for an item of information such would enable us to forecast the exact
the following table contains some information about the model used assume the probabilities given by the model are those of being a good
with a compass draw the arc associated with a 720deg angle it looks like a circle with a protractor label the angle in multiples of 45deg and 30deg
the laplace methodlaplace method employs all the information by assigning equal probabilities to the possible payoffs for every action and then
the hurwiz methodhurwiz method was the concept of coefficient of optimism or pessimism introduced by l hurwicz the decision maker takes into account
expected opportunity loss or eol methodeol method is aimed at minimizing the expected opportunity loss or oel the decision maker chooses the strategy
the expected monetary value methodthe expected pay off as profit associated with a described combination of act and event is acquired by multiplying
minimax regret methodminimax method assumes that the decision maker will experience regret after he has made the decision and the events have
maximax methodmaximax method is based upon extreme optimism the decision maker chooses that particular strategy which corresponds to the maximum of
decision making under uncertaintyvarious methods are used to make decision in circumstances whereas only the pay offs are identified and the
decision theorydecisionsthere are many types of decision making1 decision making under uncertaintyit refer to situations where
test of homogeneity this is concerned along with the proposition that several populations are homogenous along with respect to some characteristic of
iran is trying to decide whether it should pursue its nuclear weapons program and its decision will be affected in large measure by what it expects
chi-square hypothesis tests as non-parametric testx2they contain amongst othersi test for goodness of fitii test for independence
three mixtures were prepared with very narrow molar mass distribution polyisoprene samples with molar masses of 8000 25000 and 100000 as indicated
hypothesis testing about the difference between two proportionshypothesis testing about the difference between two proportions is used to test the
consider the equationx2yprimeprime xyprime- y 4x ln xa verify that x is a solution to the homogeneous equationb use the method of reduction of order
hypothesis testing of the difference between proportionsillustrationken industrial producer have manufacture a perfume termed as fianchetto in order