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- Applied finite mathematics
- Applied finite mathematics
- Game theory: homework
This chapter covers principles of game theory. After completing this chapter students should be able to: solve strictly determined games and solve games involving mixed strategies.
Strictly determined games
Determine whether the games are strictly determined. If the games are strictly determined, find the optimal strategies for each player and the value of the game.
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- The game is strictly determined. Optimal strategy for the row player is to always play row 1 and never row 2. In other words, his strategy is
. The optimal strategy for the column player is to always to play column 1 and never play column 2. We write it as
. When both players play their optimal strategy, the value of the game is 1.
- The game has no saddle point, therefore, it is not strictly determined.
- The game is strictly determined. The optimal strategy for the row player is to always play row 4, and never play any other row. We write his strategy as
. The column player’s strategy is
. The value of the game is 2.
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Two players play a game which involves holding out one or two fingers simultaneously. If the sum of the fingers is more than 2, Player II pays Player I the sum of the fingers; otherwise, Player I pays Player II the sum of the fingers.
- Write a payoff matrix for Player I.
- Find the optimal strategies for each player and the value of the game.
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A mayor of a large city is thinking of running for re-election, but does not know who his opponent is going to be. It is now time for him to take a stand for or against abortion. If he comes out against abortion rights and his opponent is for abortion, he will increase his chances of winning by 10%. But if he is against abortion and so is his opponent, he gains only 5%. On the other hand, if he is for abortion and his opponent against, he decreases his chance by 8%, and if he is for abortion and so is his opponent, he decreases his chance by 12%.
- Write a payoff matrix for the mayor.
- Find the optimal strategies for the mayor and his opponent.
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- The optimal strategy for the mayor is
and for his opponent is
. In other words, both candidates should oppose abortion rights.
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A man accused of a crime is not sure whether anybody saw him do it. He needs to make a choice of pleading innocent or pleading guilty to a lesser charge. If he pleads innocent and nobody comes forth, he goes free. However, if a witness comes forth, the man will be sentenced to 10 years in prison. On the other hand, if he pleads guilty to a lesser charge and nobody comes forth, he gets a sentence of one year and if a witness comes forth, he gets a sentence of 3 years.
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Write a payoff matrix for the accused.
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If you were his attorney, what strategy would you advise?
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Non-strictly determined games
Determine the optimal strategies for both the row player and the column player, and find the value of the game.
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The optimal strategy for the row player is
. The optimal strategy for the column player is
. The value of the game is 0.
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Optimal strategy for the row player is
. The optimal strategy for the column player is
. The value of the game is
.
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Questions & Answers
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what is defense mechanisms
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effective communication can lead to improved outcomes in various settings, including personal relationships, business environments, and educational settings. By communicating effectively, individuals can negotiate effectively, solve problems collaboratively, and work towards common goals.
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because it helps many people around the world to understand how to interact with other people and understand them well, for example at work (job).
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Samuel
I am taking this course because I am hoping that I could somehow learn more about my chosen field of interest and due to the fact that being a PsyD really ignites my passion as an individual the more I hope to learn about developing and literally explore the complexity of my critical thinking skills
and having a good philosophy of the world is like a sandwich and a peanut butter 👍
Jonathan
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Source:
OpenStax, Applied finite mathematics. OpenStax CNX. Jul 16, 2011 Download for free at http://cnx.org/content/col10613/1.5
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