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Cut Points: Exercise 5

This document provides a 3x2 payoff matrix for a game between two players, Player 1 and Player 2, with Player 1 having 3 strategies (I, II, III) and Player 2 having 2 strategies (A, B). It then shows the calculations to find the value of the game using the graphical method for matrices with 2 columns. Specifically, it shows determining the cut points by setting linear equations for each player's expected payoff equal to each other and solving for the cut point values, which are 17, 24, 29. It indicates the game value is 17.

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Katherine Grajales
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28 views

Cut Points: Exercise 5

This document provides a 3x2 payoff matrix for a game between two players, Player 1 and Player 2, with Player 1 having 3 strategies (I, II, III) and Player 2 having 2 strategies (A, B). It then shows the calculations to find the value of the game using the graphical method for matrices with 2 columns. Specifically, it shows determining the cut points by setting linear equations for each player's expected payoff equal to each other and solving for the cut point values, which are 17, 24, 29. It indicates the game value is 17.

Uploaded by

Katherine Grajales
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Exercise 5

Graphical solutions are only applicable to games in which at least one of the players has only two strategies. Consider the follow
According to Table, find the value of the game by means of the graphical method applied to matrices 2 x n or m x 2.

Player 2
Strategy
A B
I 24 17
Player 1 II 29 7 Cut Points
III 19 11

Variables Equations Cut Points


I = x1 x1+x2+x3=1
33
II = x2 y1+y2=1 y2=1-y1
29
III = x3 17
A = y1
B = y2 11

7
Expected payment 13

I 24y1 + 17(1-y1) = 17 + 7y1 7


II 29y1 + 7(1-y1) = 7 + 22y1 1
III 19y1 + 11(1-y1) = 11 + 8y1
1 I II III M

Cut Points A B C
I 17 24
II 7 29
III 11 19
Mm 17 17 game value
tegies. Consider the following game m x 2.
2 x n or m x 2.

Cut Points

Cut Points 29

24

19
17
24

17
13

II III Mm 2

A B C Mm

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