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
HOW TO CITE THIS ENTRY
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- See news articles on normal-form games.