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Mondal, Shakti Nath
- A Solution Concept of Matrix Game with Random Fuzzy Payoffs
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Authors
Affiliations
1 Department of Applied Mathematics with Oceanology and Computer Programming, Vidyasagar University, Midnapore-721102, West Bengal, IN
1 Department of Applied Mathematics with Oceanology and Computer Programming, Vidyasagar University, Midnapore-721102, West Bengal, IN
Source
Fuzzy Systems, Vol 5, No 3 (2013), Pagination: 161-164Abstract
Conventional game theory is concerned with how rational individuals make decisions when they are faced with known payoffs. We present a new methodology for the analysis of random fuzzy payoffs matrix games. The main difficulty then appears in the study of these games is the comparison between the payoff values associated to the strategies of the players because these payoffs are random fuzzy quantities. The purpose of this paper is to introduce a two-person zero-sum matrix game in which the elements of payoff are characterized as random fuzzy variables. Based on expected value operator, an expected minmax equilibrium strategy to the proposed game is defined and the existence of the strategy is proved. Finally, an example is given to illustrate the effectiveness of the proposed game.Keywords
Matrix Game, Random Fuzzy Variable, Minmax Equilibrium Strategy.- A New Solution Concept in Credibilistic Game
Abstract Views :350 |
PDF Views:1
Authors
Affiliations
1 Department of Applied Mathematics with Oceaniology and Computer Progarnmming, Vidyasagar University, IN
2 ISRO Satellite Centre, Bangalore, IN
3 Department of Applied Mathematics with Oceanology and Computer Programming, V.U. , Midnapore, West Bengal, IN
1 Department of Applied Mathematics with Oceaniology and Computer Progarnmming, Vidyasagar University, IN
2 ISRO Satellite Centre, Bangalore, IN
3 Department of Applied Mathematics with Oceanology and Computer Programming, V.U. , Midnapore, West Bengal, IN