DISCRETE TWO-PERSON GAME THEORY WITH MEDIAN PAYOFF CRITERION.

Abstract

The minimax concept for solution of discrete two-person games is based on expected value considerations and has a zero-sum condition for payoffs. This approach often is inapplicable due to strong violation of the zero-sum condition. By use of a different criterion, based on median value considerations, a two-person game theory can be developed that seems appropriate for a class of situations called competitive. It is also applicable for a hugely broader class of practically important situations called median competitive. (Author)

Document Details

Document Type
Technical Report
Publication Date
Mar 05, 1969
Accession Number
AD0684429

Entities

People

  • John E. Walsh

Organizations

  • Southern Methodist University

Tags

DTIC Thesaurus Topics

  • Applied Mathematics
  • Data Science
  • Game Theory
  • Information Science
  • Interdisciplinary Science
  • Mathematics
  • Statistics

Readers

  • Game Theory.
  • Theoretical Analysis.