THE GAME THEORY AND SIMULATION WITH FINITE MIXED STRATEGY OF TWO-PLAYERS ZERO SUM GAME |

Game theory and simulation are explained in terms of concept and theory. How game theory can be applied to model market competition, corporate organisation, and even management competition. The game we're talking about is a zero-sum game. We demonstrate the types of methods that game players should employ in a real-world market environment. By introducing the concepts of maxmin and min-max, we demonstrate how we might minimise our losses while maximising our gains. Using some fundamental ideas, we examined the finite payout matrix of a zero sum game. With a game without a saddle point, we apply mixed strategy theory. We prove that one player's dual linear programming problem is the other player's linear programming problem. The application of linear programming problem to game theory was used to analyse the four techniques accessible in solving mixed strategy of two-players zero-sum game. Using the Microsoft Excel programme, we apply these techniques to simulate a plausible mixed strategy for a two-player zero-sum game.

Please see the link :- https://www.ikprress.org/index.php/AJOMCOR/article/view/1081