I am also rational and know the payoff structure of the game.
Gluckstern argues that his proposed payoff is a boon to the bondholders.
It could also mean taking on another side hustle — or three — to expedite your payoff.
With CDSs, the payoff is triggered by a default—and filing for Chapter 11 did indeed trigger some CDSs.
Turning at the second exit yields the highest reward (payoff 4).
This way, the cash planned for their mortgage payoff could act as a backup emergency fund.
Similarly, 23-year-old Kelvin Dankwa credits his payoff to saving money during the pandemic.
"Extra money, bonuses, tax refunds, anything we could squeeze from the budget, went into the payoff fund."
There are a few great tools that connect to all of your financial accounts and help you manage your debt payoff.
What brings the highest payoff to me is not necessarily what brings the highest payoff to those helped.
Since the sucker payoff is the worst payoff in a stag hunt, this principle suggests that any stag hunt presents a dilemma.
This is Player I’s move, and she would choose R because she prefers her payoff of 5 to the payoff of 4 she gets by playing L.
If Player I confesses and Player II doesn’t then Player I gets a payoff of 4 (going free) and Player II gets a payoff of 0 (ten years in prison).
The payoff matrix highlights the fact that weak altruism is individually advantageous, and thus the oddity of thinking of it it as altruistic rather than selfish.
The payoff in “Game of Shadows” is meant to be the fun of seeing fate and a wily adversary toss grit into Holmes’s intellectual cogs, and match his every calculation.
If, for instance, Fiona chooses Ci and Alan chooses Di, then Fiona's payoff is 0, her worst payoff, and Alan's is 4, his best payoff.
For example, if you play the strategy Hawk against an opponent who plays the strategy Dove, your payoff is V; if you play the strategy Dove against an opponent who plays the strategy Hawk, your payoff is 0.)
By changing the payoff structure of the PD slightly, so that the reward payoff exceeds the temptation payoff, we obtain a game where mutual cooperation, as well as mutual defection, is a nash equilibrium.
Call options are interesting because they have potentially asymmetric payoff profiles: you pay a small fixed amount upfront, and the stock price could theoretically appreciate indefinitely, which mean that your profits also keep increasing indefinitely.
Replicator dynamics: In this deterministic model, introduced by Peter Taylor and Leo Jonker (1978), the proportion of players choosing some strategy grows proportionally to the difference between that strategy’s mean payoff and the mean payoff for the population as a whole.
payoff
noun possession
- the final payment of a debt
noun possession
- payment made to a person in a position of trust to corrupt his judgment
noun possession
- the income or profit arising from such transactions as the sale of land or other property
noun event
- a recompense for worthy acts or retribution for wrongdoing
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