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Pure play method. In finance, the "pure play method" is an approach used to estimate the cost of equity capital of private companies, which involves examining the beta coefficient of other public and single focused companies. [2] See also Hamada's equation. Here, when estimating a private company A's equity beta coefficient, the equity beta ...
The first pure play semiconductor company is the Taiwan Semiconductor Manufacturing Corporation, a spin-off of the government Industrial Technology Research Institute, which split its design and fabrication divisions in 1987, [5] a model advocated for by Carver Mead in the U.S., but deemed too costly to pursue.
A pure strategy provides a complete definition of how a player will play a game. Pure strategy can be thought about as a singular concrete plan subject to the observations they make during the course of the game of play. In particular, it determines the move a player will make for any situation they could face. A player's strategy set is the ...
act. To make a play (check, bet, call, raise, or fold) at the required time, compare to in turn. acting out of turn. A player in poker that either announces their actions or physically plays before their turn (checks, folds etc.). Sometimes players act out of turn intentionally to get a read out of other players.
Nash proved that if mixed strategies (where a player chooses probabilities of using various pure strategies) are allowed, then every game with a finite number of players in which each player can choose from finitely many pure strategies has at least one Nash equilibrium, which might be a pure strategy for each player or might be a probability ...
Bayesian game. In game theory, a Bayesian game is a strategic decision-making model which assumes players have incomplete information. Players hold private information relevant to the game, meaning that the payoffs are not common knowledge. [ 1 ] Bayesian games model the outcome of player interactions using aspects of Bayesian probability.
Guess 2/3 of the average. In game theory, " guess 2 3 of the average " is a game where players simultaneously select a real number between 0 and 100, inclusive. The winner of the game is the player (s) who select a number closest to 2 3 of the average of numbers chosen by all players. [1]
Strategy. Game theory is the study of mathematical models of strategic interactions. [1] It has applications in many fields of social science, and is used extensively in economics, logic, systems science and computer science. [2] Initially, game theory addressed two-person zero-sum games, in which a participant's gains or losses are exactly ...