Business Studies, asked by uxmaarashid, 4 months ago

what is pay off matrix​

Answers

Answered by Braɪnlyємρєяσя
5

In game theory, normal form is a description of a game. Unlike extensive form, normal-form representations are not graphical per se, but rather represent the game by way of a matrix.

Answered by Anonymous
14

Answer:

ᴀ ᴘᴀʏᴏꜰꜰ ᴍᴀᴛʀɪx ɪꜱ ᴀ ᴡᴀʏ ᴛᴏ ᴇxᴘʀᴇꜱꜱ ᴛʜᴇ ʀᴇꜱᴜʟᴛ ᴏꜰ ᴘʟᴀʏᴇʀꜱ' ᴄʜᴏɪᴄᴇꜱ ɪɴ ᴀ ɢᴀᴍᴇ. ᴀ ᴘᴀʏᴏꜰꜰ ᴍᴀᴛʀɪx ᴅᴏᴇꜱ ɴᴏᴛ ᴇxᴘʀᴇꜱꜱ ᴛʜᴇ ꜱᴛʀᴜᴄᴛᴜʀᴇ ᴏꜰ ᴀ ɢᴀᴍᴇ, ꜱᴜᴄʜ ᴀꜱ ɪꜰ ᴘʟᴀʏᴇʀꜱ ᴛᴀᴋᴇ ᴛᴜʀɴꜱ ᴛᴀᴋɪɴɢ ᴀᴄᴛɪᴏɴꜱ ᴏʀ ᴀ ᴘʟᴀʏᴇʀ ʜᴀꜱ ᴛᴏ ᴍᴀᴋᴇ ᴀ ᴄʜᴏɪᴄᴇ ᴡɪᴛʜᴏᴜᴛ ᴋɴᴏᴡɪɴɢ ᴡʜᴀᴛ ᴄʜᴏɪᴄᴇ ᴛʜᴇ ᴏᴛʜᴇʀ ᴡɪʟʟ ᴍᴀᴋᴇ.

ᴜʀ ᴀɴꜱ

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