What is true about game trees and payoff tables?
A)A tree conveys less information than a payoff table.
B)They cannot be used to portray the same types of games.
C)They can convey the same information.
D)A payoff table shows chains of events better than a game tree.

Question

Quizplus · Accepted Answer

Game trees and payoff tables can both be used to represent the same types of games and convey the same information, but they do so in different ways. A game tree shows the sequence of choices and outcomes in a game, while a payoff table shows the payoffs for each player at each combination of choices. Both can be useful in analyzing games. Option A is incorrect because a payoff table can actually convey less information than a game tree, as it only shows the payoffs without explicitly showing the sequence of events. Option B is incorrect because both game trees and payoff tables can be used for a wide range of games. Option D is incorrect because a game tree actually shows the chains of events better than a payoff table.

What Is True About Game Trees and Payoff Tables