Words similar to payoffs

Example sentences for: payoffs

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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).
It is clear then that, depending on the relative values of the four payoffs, some region of a 3-D phase space (with dimensions T/R, R/P and P/S) will describe valid PD games, while other regions will describe other games such as mutualism.
Once varying payoffs in interactions are considered, all such games can be seen to be various special cases of "biological markets" [ 17 ] , a set of theories which describe the trade of commodities between individuals and, importantly, do not constrain utility functions across individuals.
The implicit assumption in the PD game that different individuals do not vary in their payoffs for certain interactions is so fundamentally important that we suggest it may pose a critical problem, rather than just "another" complication, for the Prisoner's Dilemma model.
The classical pay-off matrix for the Prisoner's Dilemma defines values which satisfy the required inequality T > R > P > S, and R > (T + S) / 2 [ 18 19 20 ] (The latter inequality is to prevent the possibility that players collude and split the payoffs).