Determine whether the statement is true or false.
-The value νC of a matrix game to player C is the maximum of the values of the various possible
strategies for C.

Question

Determine whether the statement is true or false.
-The value νC of a matrix game to player C is the maximum of the values of the various possible 
strategies for C.

Quizplus · Accepted Answer

The value νC of a matrix game to player C (the column player) is the minimum of the maximum payoffs possible for each of C's strategies, not the maximum. This represents the best guaranteed outcome for player C considering the best responses from the opposing player.

Determine Whether the Statement Is True or False