Game Theory Flashcards by Connie Beevers

Q

When doing a Cayley table what player does it represent

A

1

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Q

What is a play safe strateg

A

Choosing the option with the smallest potential loss

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Q

How to work out the play safe strategy

A

Find the row minimum and pick the highest one
Find the column maximum and pick the lowest one
If they are the same then it is a stable game

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Q

In a situation where all the elements in a row are bigger then another row what do u do

A

It has dominance

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Q

LP

A

It has dominance

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