Games and Decisions - Finite Mathematics

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Question

Consider the following payoff matrix for a game:

Give the value of the saddle point entry of the matrix, if it exists.

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Answer

If a payoff matrix has a saddle point, it must be both the minimum element of its row and the maximum element of its column. The minmum element of each row is shown in red:

Both saddle point entries are in Column 3, so we select the greater of the two, , as the saddle point entry.

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