Accession Number : AD0684429

Title :   DISCRETE TWO-PERSON GAME THEORY WITH MEDIAN PAYOFF CRITERION.

Descriptive Note : Technical rept.,

Corporate Author : SOUTHERN METHODIST UNIV DALLAS TEX DEPT OF STATISTICS

Personal Author(s) : Walsh,John E.

Report Date : 05 MAR 1969

Pagination or Media Count : 23

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)

Descriptors :   (*GAME THEORY, MOTIVATION), MINIMAX TECHNIQUE, DECISION THEORY, PROBABILITY, THEOREMS

Subject Categories : Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE