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Terms in this set (9)
what is game theory?
framework for hypothetical social situations among competing players
what is saddle point in game theory?
a payoff matrix element which is both a minimum of its row and a maximum of its column
what is imperfect information?
extensive-form game in which
each agent's choice nodes are partitioned into information sets
Example of incomplete information?
Auctions
What is mixed strategy?
A game in which each player employs different strategies at different times in the game.
strategy
...
random
...
What is three main factor in any games?
player, strategy and payoff
What happen if saddle point not exist?
mixed strategy is applied
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