In game theory, a "payoff matrix" is a table that shows the following, except
A) the profits to each firm or player that would result from various strategycombinations.
B) the target payoffs that each firm or player is aiming for in their different strategies.
C) the interdependence of the firms' or players' profits, based on their alternative actions.
D) the alternative results that the firms or players would get, based on their actions and those of others.

Question

Quizplus · Accepted Answer

A payoff matrix does not show the target payoffs that each firm or player is aiming for in their different strategies. It only shows the potential profits or outcomes based on the actions of the players/firms. The other options (A, C, and D) are all elements that are typically included in a payoff matrix.

In Game Theory, a "Payoff Matrix" Is a Table That