Words similar to payoffs
Example sentences for: payoffs
How can you use “payoffs” in a sentence? Here are some example sentences to help you improve your vocabulary:
So replacing T, R, P and S for unique payoff symbols that incorporate both the initial starting payoff and the payoff variance, the PD with varying payoffs can be formalised, using the variances as described above, thus:
Prisoner's Dilemmas could be argued to reemerge even where payoffs vary widely, because of the fact that adjacent payoffs will sometimes turn out to be very far apart, rather than being very close together (and overlapping).
Consider 1000 payoff matrices with fixed payoffs plus normally distributed errors (~ N (0, 1)), with variance equal to the spacing between the payoffs in an arbitrary PD matrix (e.g.
Here we assume a normal distribution of errors, ∈ ~ N (0, σ 2), which means actual payoffs will also be normally distributed p' ~ N ( p , σ 2).
In other words, overlaps between payoffs will occur as often as large intervals between them, but only the former alter the actual game experienced.