What is it about?
This research article proposes a method for solving the two-player zero-sum matrix games in chaotic environment. In a fast growing world, the real life situations are characterized by their chaotic behaviors and chaotic processes. The chaos variables are defined to study such type of problems.
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Why is it important?
Classical mathematics deals with the numbers as static and less value-added, while the chaos mathematics deals with it as dynamic evolutionary, and comparatively more value-added. In this research article, the payoff is characterized by chaos numbers. While the chaos payoff matrix converted into the corresponding static payoff matrix. An approach for determining the chaotic optimal strategy is developed. In the last, one solved example is provided to explain the utility, effectiveness and applicability of the approach for the problem.
Perspectives
The results obtained are displayed in the table. However, in real life situations, there exist such games with random payoffs. Therefore, as a possible direction for future research, one can extend this paper by considering the random pay-offs.
Dr. PAVAN KUMAR
VIT Bhopal University
Read the Original
This page is a summary of: A method to solve two-player zero-sum matrix games in chaotic environment, Independent Journal of Management & Production, February 2021, Independent Journal of Management and Production,
DOI: 10.14807/ijmp.v12i1.1295.
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