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Social and Behavioral Sciences Commons

Open Access. Powered by Scholars. Published by Universities.®

Economics

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Yale University

2012

Experimental gaming

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Full-Text Articles in Social and Behavioral Sciences

What Is A Solution To A Matrix Game, Martin Shubik Jul 2012

What Is A Solution To A Matrix Game, Martin Shubik

Cowles Foundation Discussion Papers

These notes are provided to describe many of the problems encountered concerning both structure and behavior in specifying what is meant by the solution to a game of strategy in matrix or strategic form. In the short term in particular, it is often reasonable for the individual to accept as given, both the context in which decisions are being made and the formal structure of the rules of the game. A solution is usually considered as a complete set of equations of motion that when applied to the game at hand selects a final outcome. There are many different theories …


What Is A Solution To A Matrix Game, Martin Shubik Jul 2012

What Is A Solution To A Matrix Game, Martin Shubik

Cowles Foundation Discussion Papers

These notes are provided to describe many of the problems encountered concerning both structure and behavior in specifying what is meant by the solution to a game of strategy in matrix or strategic form. In the short term in particular, it is often reasonable for the individual to accept as given, both the context in which decisions are being made and the formal structure of the rules of the game. A solution is usually considered as a complete set of equations of motion that when applied to the game at hand selects a final outcome. There are many different theories …