Homework SourseIn the game below the payoff is for Player A Specify the ran
In the game below, the payoff is for Player A. Specify the range for the value of the game.
| B1 | B2 | B3 | |
| A1 | 3 | 6 | 1 |
| A2 | 5 | 2 | 3 |
| A3 | 4 | 2 | -5 |
Solution
Pay off matrix is given as
Maximum pay off =6 and minimum pay off =-5
Hence range =11
| B1 | B2 | B3 | |
| A1 | 3 | 6 | 1 |
| A2 | 5 | 2 | 3 |
| A3 | 4 | 2 | -5 |
