Payoff, Game Theory


 In any game, payoffs are numbers that represent the motivations of players. Payoffs might represent profit, quantity, "utility," or different continuous measures (cardinal payoffs), or might merely rank the desirability of outcomes (ordinal payoffs). In all cases, the payoffs should mirror the motivations of the actual player.


Posted Date: 7/21/2012 4:41:25 AM | Location : United States

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