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Nash Equilibrium In Game Theory ~xRay Pixy

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 Video Link  CLICK HERE... Learn Nash Equilibrium In Game Theory Step-By-Step Using Examples. Video Chapters: Nash Equilibrium  00:00 Introduction 00:19 Topics Covered 00:33 Nash Equilibrium  01:55 Example 1  02:30 Example 2 04:46 Game Core Elements 06:41 Types of Game Strategies 06:55  Prisoner’s Dilemma  07:17  Prisoner’s Dilemma Example 3 09:16 Dominated Strategy  10:56 Applications 11:34 Conclusion The Nash Equilibrium is a concept in game theory that describes a situation where no player can benefit by changing their strategy while the other players keep their strategies unchanged.  No player can increase their payoff by changing their choice alone while others keep theirs the same. Example : If Chrysler, Ford, and GM each choose their production levels so that no company can make more money by changing their choice, it’s a Nash Equilibrium Prisoner’s Dilemma : Two criminals are arrested and interrogated separately. Each has two ...

Objective Function Evaluation | Greedy Method | Knapsack Problem Example...

Knapsack Problem using Greedy Method


Algorithm Design Techniques
  • Divide and Conquer
  • Greedy Method
  • Dynamic Programming
  • Back Tracing
  • Branch and Bound
Divide and Conquer: Many algorithms are recursive in structure. To solve any problem, they call themselves recursively again and again [one or more times]. Three steps are followed by divide and conquer algorithms.

1.) Divide the problem into the number of sub-problems.
2.) Conquer the sub-problems by solving them recursively.
3.) Combine the solution to the sub-problems into the solution for the original problem.

The greedy method is the Straight design technique. It can be applied to a wide variety of problems. Obtain a subset that satisfies the same constraints.  Feasible Solution: If any subset satisfies these constraints. 
Our GOAL: Find a feasible solution that either Maximize or Minimize the given Objective Function. A feasible solution that does this is known as OPTIMAL SOLUTION.  A feasible Solution is any subset that satisfies these constraints.

Greedy Method Example : KNAPSACK PROBLEM
SUPPOSE: We have 
        n  = Objects and a Knapsack.
𝑤_𝑖 = Object i has weight 
 m = Knapsack Capacity

IF a fraction 𝑥_𝑖, of object i is placed into the knapsack. 0 ≤ 𝑥_𝑖 ≤ 1 than Profit Earned.
Objective: Obtain filling of Knapsack and Gain maximum profit.


n = 3;                         //Objects
m = 20;                                 //Knapsack Capacity
𝑤1,𝑤2,𝑤3 = 18, 15,10; //Objects Weight
𝑃1,𝑃2,𝑃3 = 25, 24, 15; //Profits

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