payoff matrix

The game can be written in a payoff matrix (pictured right).

Consider a simple coordination game (the payoff matrix is to the right).

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 payoff matrix of the two traders is given below.

To see this, look at the payoff matrix and imagine the thoughts that might go through my head as I play against you.

The payoff matrix in Figure D is what we should expect if they were.

Consider the payoff matrix pictured to the right (known as a coordination game).

Now, in this example game both players know the payoff matrix and attempt to maximize the number of their points.

For instance, consider the payoff matrix pictured at the right.