Question

The outcome of a game is known as

Answer 1

Answer:

==>In game theory, an outcome is a situation which results from a combination of player's strategies. ... In a game where chance or a random event is involved, the outcome is not known from only the set of strategies, but is only realized when the random event(s) are realized.

Explanation:

==>In game theory, the outcome or consequence of a strategy is referred to as the. a. payoff.

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Answer 2

Answer:

The outcome of a game is known as....................

A. Profit

B. Loss

C. Pay off

D. None of these

The required answer is an option (C) Pay off

Explanation:

Game Theory:

A theoretical framework for imagining social scenarios involving rival participants is game theory. In some ways, game theory can be seen as the science of strategy, or at the very least as the best possible way for independent, rival agents to make decisions in a strategic context.

• The payoff can be simply defined as the result of a specific game that is dependent on the various strategies used by the players.
• Payoff: The reward a player receives after achieving a certain result. (The payment may be in any form that can be quantified, such as money or utility.)

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