Payoff Matrix
Definition
A table listing payoffs to each player for every combination of strategies. The basic representation of a normal-form game.
Example
The prisoner's dilemma is typically displayed as a 2×2 payoff matrix.
A table listing payoffs to each player for every combination of strategies. The basic representation of a normal-form game.
The prisoner's dilemma is typically displayed as a 2×2 payoff matrix.