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Questions on game theory: play safe and stable solutions

A two-player zero-sum game is set out as a single matrix of pay-offs. Each player's play-safe strategy guarantees a minimum return, and when maximin equals minimax the game has a saddle point, which is a pure-strategy Nash equilibrium. Where they differ, no pure saddle point exists and the equilibrium is a mixed one.

15 original questions · 65 marks · the game theory: play safe and stable solutions notes · Decision Mathematics 2

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