Question #203215

Solve the (4x3) game with pay off matrix.


8 5 8

[A] = 8 6 5

7 4 5

6 5 6


 At each stage, clearly explain the steps involved.


1
Expert's answer
2021-06-07T16:35:40-0400

If all the elements of Column-i are greater than or equal to the corresponding elements of any other Column-j, then the Column-i is dominated by the Column-j and it is removed from the matrix

So, we can remove 1st column (col1 \ge col2)

 If all the elements of a Row-i are less than or equal to the corresponding elements of any other Row-j, then the Row-i is dominated by the Row-j and it is removed from the matrix.

So, we can remove 3rd row (row3 \le row2), and 4th row (row4 \le row1).


Then we get matrix:

5 8

8 6


This game has no saddle point.


Then:

A play’s (p1,p2):

p1=dc(a+d)(b+c)p_1=\frac{d-c}{(a+d)-(b+c)} , p2=1p1p_2=1-p_1


B play’s (q1,q2):

q1=db(a+d)(b+c)q_1=\frac{d-b}{(a+d)-(b+c)} , q2=1q1q_2=1-q_1


Value of the game:

V=adbc(a+d)(b+c)V=\frac{ad-bc}{(a+d)-(b+c)}


From payoff matrix

(abcd)\begin{pmatrix} a & b \\ c & d \end{pmatrix}

we have:

a=5,b=8,c=8,d=6a=5,b=8,c=8,d=6


p1=68(5+6)(8+8)=25p_1=\frac{6-8}{(5+6)-(8+8)}=\frac{2}{5} , p2=3/5


q1=68(5+6)(8+8)=25q_1=\frac{6-8}{(5+6)-(8+8)}=\frac{2}{5} , q2=3/5


V=5688(5+6)(8+8)=345V=\frac{5\cdot6-8\cdot8}{(5+6)-(8+8)}=\frac{34}{5}


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