Encyclopedia of Operations Research and Management Science

2001 Edition
| Editors: Saul I. Gass, Carl M. Harris

Payoff function

Reference work entry
DOI: https://doi.org/10.1007/1-4020-0611-X_740
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An expression that defines the gains and losses for the players of a game in terms of the strategies they use is called a payoff function. Game theory.

Copyright information

© Kluwer Academic Publishers 2001

Authors and Affiliations

  1. 1.Robert H. Smith School of BusinessUniversity of MarylandCollege PartUSA
  2. 2.School of Information Technology & EngineeringGeorge Mason UniversityFairfaxUSA