When all the players of the game follow their optimal strategies then the expected pay off of the game is called?

4. Value of the game. It is the expected payoff of play when all the players of the game follow their optimum strategies. The game is called fair if the value of the game is zero and unfair, if it is non-zero.

What is an optimal mixed strategy?

An optimal mixed strategy for the row player is one for which the expected value against the column player’s best counterstrategy is as large as possible. An optimal mixed strategy for the column player is one for which the expected value against the column player’s best counterstrategy is as small as possible.

What is the formula for game theory?

ν = ad − bc a − b − c + d . The expected payoff for the column player is given by the negative of the expected payoff for the row player since it is a zero sum game. The game is called a fair game if the value of the game is ν = 0.

How does money drop live work?

The Money Drop Live The Money Drop is a thrilling game show, featuring one wheel, a Money Drop area with 4 Drop Zones and a Card Clash battle table! Place your bets to enter the Drop Games and/or the Card Clash game! The spin of the wheel determines which game you play. The biggest win possible is 5000x your stake!

What is optimal mixed strategy?

What is pure strategy in game theory?

A pure strategy provides a complete definition of how a player will play a game. Pure strategy can be thought about as a plan subject to the observations they make during the course of the game of play. In particular, it determines the move a player will make for any situation they could face.

What is a pure strategy in game theory?

A pure strategy provides a complete definition of how a player will play a game. In particular, it determines the move a player will make for any situation they could face. A player’s strategy set is the set of pure strategies available to that player.