Value (Game)

The solution to a Game in Game Theory. When a Saddle Point is present

$$\max_{i\leq m} \min_{j\leq n} a_{ij} = \min_{j\leq n}\max_{i\leq m} a_{ij}\equiv v,$$

and $v$ is the value for pure strategies.

See also Absolute Value, Game Theory, Minimax Theorem, Valuation