outcome (game theory)


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Outcome (game theory)
In game theory, an outcome is a set of moves or strategies taken by the players, or it is their payoffs resulting from the actions or strategies taken by all players. The two are complementary in that, given knowledge of the set of strategies of all players, the final state of the game is known, as are any relevant payoffs. In a game where chance or a random event is involved, the outcome is not known from only the set of strategies, but is only realized when the random event(s) are realized.

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