Question: Game Theory. Given the payoffs below, determine whether this game has a saddle point. If there is no saddle point, determine the probabilities relevant to
Game Theory. Given the payoffs below, determine whether this game has a saddle point. If there is no saddle point, determine the probabilities relevant to the strategies of each player where:
X1 = Row Player Strategy 1.
X2 = Row Player Strategy 2.
Y1 = Column Player uses Strategy 1.
Y2 = Column Player uses Strategy 2.
| Row Player | Column Player (Even) | Row minimum | |
| Y1 | Y2 | ||
| X1 | 2 | -1 |
|
| X2 | -1.5 | 3 |
|
| Column Maximum |
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|
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| Pure Strategy (Y/N)?: Mixed Strategy (Y/N)?: | |||
| If mixed strategy, what is the probability that Column player uses Y1? (3 decimal places): If mixed strategy, what is the probability that Row player uses X1? (3 decimal places): | |||
| What is the value of the game for the row player? (1 decimal place): | |||
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