payoff matrix

payoff matrix

[′pā‚ȯf ‚mā·triks]
(mathematics)
A matrix arising from certain two-person games which gives the amount gained by a player.
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From these curves we derive a payoff matrix under alternative union and firm strategies.
The following shows the payoff matrix A with the momentum, contrarian, long term and speculative traders.
Figure 1 shows the payoff matrix for players 1 and 2 in a generalized version of the game.
After appointing each pair of children to their respective group, the teacher handed each of them a score sheet with the payoff matrix (which means students had access to it during the entire duration of the experiment).
Step 1: Calculate the results of the payoff matrix.
have shown once again that in order to create a working economic order, with the parameters of a sustainable future, the code or mode of conduct, and the patterns of individual as well as corporate behavior should be restructured with a different payoff matrix.
Accordingly, the payoff matrix of spectrum sharing with a reward and punishment mechanism is shown as following:
In the R and F treatments, we were concerned that subjects' choices might be sensitive to the order in which the actions (Risky or Safe) appeared in the payoff matrix.
A Payoff Matrix identifies the implications of what might happen should each of the decisions be taken and each random outcome occurs.
Figure 1 is the payoff matrix that represents each player's strategies and preferences.
Zero-sum game can be represented using payoff matrix to assess player's gains and losses in the game.