Game Theory: Story of Thinking (Part 2)

Pay-off Function, Stochastic Outcomes and Decision Making

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Introduction

Example !

Assumptions

Payoff Function

Example !

Stochastic Outcomes

Example !

Player decision problem
Modified decision problem

Continuous Stochastic Outcomes

Decision Making

Example 1

decision problem

Continuous Case

expected payoff

MBA vs No-MBA Example

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From Confusion to Clarification

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Kowshik chilamkurthy

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RL | ML | ALGO TRADING | TRANSPORTATION | GAME THEORY

Nerd For Tech

NFT is an Educational Media House. Our mission is to bring the invaluable knowledge and experiences of experts from all over the world to the novice. To know more about us, visit https://www.nerdfortech.org/.