Dictionary

Glossary of game theory terms.

Cardinal Payoffs

Cardinal payoffs are numbers representing the outcomes of a game where the numbers represent some continuum of values, such as money, quantity, or market share. Cardinal payoffs allow the theorist to vary the degree or intensity of payoffs, unlike ordinal payoffs, in which only the order of values is important. For mixed strategy calculations, payoffs must be cardinal.

updated: 15 August 2005
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