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The payoff matrix of the two traders is given below.
For instance, consider the payoff matrix pictured at the right.
To see this, look at the payoff matrix and imagine the thoughts that might go through my head as I play against you.
The game can be written in a payoff matrix (pictured right).
Consider a simple coordination game (the payoff matrix is to the right).
Now, in this example game both players know the payoff matrix and attempt to maximize the number of their points.
The payoff matrix in Figure D is what we should expect if they were.
Two versions of the payoff matrix for this game are presented here (Figures 1 and 2).
"How would you weight a payoff matrix to express the options?
The war of attrition cannot be properly solved using the payoff matrix.
Suppose each player has three choices and consider the payoff matrix for A displayed at right.
As seen by the payoff matrix, there is no dominant strategy in the volunteer's dilemma.
An example of the payoff matrix for the stag hunt is pictured in Figure 2.
How many are necessary is likely tied to the payoff matrix and probabilities of choosing.
Her eyes wandered back to the payoff matrix.
The payoff matrix for the game is shown below:
A game's payoff matrix is a convenient representation.
The payoff matrix in Figure 1 illustrates a stag hunt, where .
There is an easy numerical way to identify Nash equilibria on a payoff matrix.
(An example payoff matrix for Deadlock is pictured to the right.)
The payoff matrix facilitates elimination of dominated strategies, and it is usually used to illustrate this concept.
Consider the 2x2 game called prisoner's dilemma, given by the following payoff matrix:
A payoff matrix is presented with numbers given:
In the last condition, the definition of "good chance" depends on the payoff matrix of the prisoner's dilemma.
The four outcomes are summarized in the Payoff matrix in Figure A.