Question

The outcome of a game is known as __________.

a.

pay-off

b.

no profit no loss.

c.

profit

d.

loss

​

Answer 1

The outcome of a game is known as a. pay-off.

What is pay-off in a game?

• We can simply describe payoff as the outcome of a particular game which depends upon the different strategies which as implicated by the players of the game.
• Strategy is the different plans that particular players choose for producing a certain outcome from a game.
• Other options, such as profit or loss, is not correct as there are no such technical terms for outcome of a game.