Every value in a payoff matrix represents the:
A) gains and losses of decisions for each player regardless of the decisions of other players.
B) best possible outcomes of various players in a game.
C) gain or loss of a decision for each player given the decisions of other players.
D) worst possible outcomes of various players in a game.

Question

Quizplus · Accepted Answer

In a payoff matrix, each value represents the gain or loss for a player based on the combination of decisions made by all players involved in the game.

Every Value in a Payoff Matrix Represents The