Question #66484
A pay-off matrix can have more than one saddle point. True or false
Expert's answer
True.
A matrix could have more than one saddle point, which may seem to lead to a coordination problem between the players. Fortunately, there is no problem, because the same value will be received regardless of which saddle point is selected by each player.
A matrix could have more than one saddle point, which may seem to lead to a coordination problem between the players. Fortunately, there is no problem, because the same value will be received regardless of which saddle point is selected by each player.
