What is meant by a "payoff matrix"? What are the three things that are shown in the payoff matrix?

Name: What is meant by a "payoff matrix"? What are the three things that are shown in the payoff matrix?
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

The Answer is A payoff matrix is a table that shows the outcome of every choice by every player, given the choices of all other players. The payoff matrix shows the three elements of any game: the player, their possible strategies, and their contingent payoffs for each possible outcome.

What Is Meant by a "Payoff Matrix"? What Are the Three