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If he offers Column a 50-50 chance between rows i and ii, Column gets an
expected value of 2 in the first column, of 1.5 in the second, and chooses the first.
This leaves Row an expected value of 2.5. Since Row has a preference for ii, ...
The limits to the values of our two parameters, Pr and Pc, beyond which they
make the situation unstable and provoke joint ... Suppose, now, that the
probability of achieving surprise, and thereby winning, is only Q, so that the
expected value to ...
If his response is fairly insensitive to variations in that particular payoff as long as
it is positive, and if nevertheless he attaches a high value to the game with some
positive payoff and attaches something like a random-strategy expected value ...
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LibraryThing ReviewUser Review - HadriantheBlind - LibraryThing
This is one of the most important books on Game Theory, and also, thankfully, one of the more accessible (certainly much more so than von Neumann's and Morgenstern's book). His main theses are that ... Read full review
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