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.
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):
"p_1=\\frac{d-c}{(a+d)-(b+c)}" , "p_2=1-p_1"
B play’s (q1,q2):
"q_1=\\frac{d-b}{(a+d)-(b+c)}" , "q_2=1-q_1"
Value of the game:
"V=\\frac{ad-bc}{(a+d)-(b+c)}"
From payoff matrix
"\\begin{pmatrix}\n a & b \\\\\n c & d\n\\end{pmatrix}"
we have:
"a=5,b=8,c=8,d=6"
"p_1=\\frac{6-8}{(5+6)-(8+8)}=\\frac{2}{5}" , p2=3/5
"q_1=\\frac{6-8}{(5+6)-(8+8)}=\\frac{2}{5}" , q2=3/5
"V=\\frac{5\\cdot6-8\\cdot8}{(5+6)-(8+8)}=\\frac{34}{5}"
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