Answer to Question #268988 in Operations Research for Nnaji

Question

State four characteristics of 2-persons zero-sum game

Answer 1

A two-person game is characterized by the strategies of each player and the payoff matrix.

The payoff matrix shows the gain (positive or negative) for player 1 that would result from each combination of strategies for the two players. Note that the matrix for player 2 is the negative of the matrix for player 1 in a zero-sum game.

The entries in the payoff matrix can be in any units as long as they represent the utility (or value) to the player.

There are two key assumptions about the behavior of the players. The first is that both players are rational. The second is that both players are greedy meaning that they choose their strategies in their own interest (to promote their own wealth).