# payoff function meaning in Hindi

• भुगतान फलन | |

payoff: अदा अदायगी इनाम | |

function: अधिकार उत्सव काम | |

download Hindlish App, translate anytime

### Examples

- The type of a player determines that player's
*payoff function*. - A
*payoff function*is a 2-place function of strategy profiles and types. - Observe that the
*payoff function*of Sion and Wolfe's example is clearly not semicontinuous. - If the
*payoff function*" K " is upper semicontinuous, then the game has a value. - Different pricing formulae for various options will arise from the choice of
*payoff function*at expiry and appropriate boundary conditions. - The price of the option the value of the optionality thus reflects the convexity of the
*payoff function*. - In a Bayesian game, one has to specify strategy spaces, type spaces,
*payoff functions*and beliefs for every player. - We can define the
*payoff function*which gives the profit of each firm as a function of the two outputs chosen by the firms. - The
*payoff functions*are generally classified into two categories : ( 1 ) determined by a single day; ( 2 ) determined by a longer period. - P1 is satisfied since the
*payoff function*ensures that the market price is consistent with the outputs supplied and that each firms profits equal revenue minus cost at this output.