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Q: What categorty of cost should you use to properly evaluate benefit vs payoff?
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What would A payoff for socially conscious behavior is?

New and loyal customers


What is a dominant strategy?

In game theory, a dominant strategy is one where regardless of what the other player does, you always have a larger payoff. In probability a dominant strategy is the one with the higher likelihood of winning. For example, if you have 30% red M&Ms, 70% yellow M&Ms coming out of a tube, the dominant strategy will be to always guess yellow. (Probability matching, which most adults use is guessing 30% of the time red, and the rest yellow). An every day example would be two work routes- one that is 80% of the time traffic jammed, and the other which is only 10% of the time traffic jammed. You will always prefer the second route- despite the small probability that the first route is better.


What are 3 things a PPC shows?

1. Target the Right Kinds of Keywords Writing ad copy first glance, all of these keywords could be relevant to your business and product services. 2. Write More Compelling, Emotional Ads Write ads that attractive to your prospective customers' desire for the emotional payoff of solving a problem. 3. Test Your Ads You cannot always expect which ad text will perform better only way to know is to test. This is crucial when first starting your campaign, but many new consumer to Ad Words simply don't to actually test their ads


What is game theory and dominant strategy?

Game TheoryGame theory is the study of the ways in which strategic interactions among economic agents produce outcomes with respect to the preferences (or utilities) of those agents, where the outcomes in question might have been intended by none of the agents.Dominant StrategyA strategy is dominant if, regardless of what any other players do, the strategy earns a player a larger payoff than any other. Hence, a strategy is dominant if it is always better than any other strategy, for any profile of other players' actions. Depending on whether "better" is defined with weak or strict inequalities, the strategy is termed strictly dominant or weakly dominant. If one strategy is dominant, than all others are dominated. For example, in the prisoner's dilemma, each player has a dominant strategy.


Explain the difference between pure strategy and mixed strategy in game theory?

Suppose you and your younger brother/sister are playing a game which involves picking various colours from a bag of smarties. The reward, (ie payoff/profit/utility), you or your brother/sister gets depends on a combination of the colours you both pick. Little brother/sister is getting bored and awkward and he/she continually picks one colour and you know that he/she is going to pick that colour. Little brother/sister is playing pure strategy. You know what he/she is going to do, whereas you, being very keen to make the game fun, pick various colours different number of times with different frequencies in a given game. You are playing with mixed strategies. You are picking different colours with at different probabilities. After a while little brother/sister gets even bored in the next game and decides to pick a different colour and sticks to the same colour, meanwhile you change and pick different colours with different number of times again brother/sister is playing pure strategy and you are playing with mixed strategy. Strategy in this case means an activity such as picking a colour which is part of the rule of the game

Related questions

What Is A Payoff Phase?

payoff phase


When was Killer's Payoff created?

Killer's Payoff was created in 1958.


When was The Big Payoff created?

The Big Payoff was created in 1962.


When did The Big Payoff end?

The Big Payoff ended in 1962.


Does a buyer need to know what your payoff is?

Need payoff for a loan


What is the duration of The Big Payoff?

The duration of The Big Payoff is 1800.0 seconds.


Line of Credit Payoff?

Line of Credit Payoff When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.


Where can you find out what the payoff amount is?

Payoff amounts are not usually provided on the monthly loan statement because the amount is calculated on a daily basis. To determine your payoff amount, call your lender and ask them what the current payoff amount is. Ask them if the payoff will change if you want to pay off the loan on a future date (give them the future date and they can calculate the payoff for you).


How many pages does Killer's Payoff have?

"Killer's Payoff" has 304 pages.


Where can I find an early mortgage payoff calculator?

If you have a mortgage account then there will be a mortgage payoff calculator for you to use to determine what the early payoff quote would be. I would try that.


How can I get the payoff on my truck?

Call the loan company u went through and ask them for the payoff


How do you find the payoff balance on a personal loan?

How do you find the payoff balance on a personal loan?