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