In the context of game theory, what is a pay-off?
A)The greatest profit that is delivered when rivals make moves
B)A choice that rivals have to consider to reach their best outcome
C)The logic of anticipating what is in a rival's best profit interest
D)A strategy that cannot be easily imitated or copied

Question

Quizplus · Accepted Answer

In game theory, a pay-off represents the outcome or result of a particular action taken by a player in a game. It is usually a numerical value that represents the utility or satisfaction that a player receives as a result of their action, and it depends on the choices made by all of the players in the game. The best choice(s) would be the one(s) that lead to the maximum pay-off.

In the Context of Game Theory, What Is a Pay-Off