Payoff Table

This topic has 1 reply, 2 voices, and was last updated 9 years ago by Ken Garrett.

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March 4, 2017 at 4:18 pm #375559
Edward
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- Topics: 21
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Hi,

Does it make a difference whether you put the demand on the vertical or horizontal axis when creating a payoff table?

I thought it should be the vertical but the solution puts it on the horizontal.

Answer can be still obtained but just wanted to confirm as confusing me then when drawing up minimax regret table

Thanks

ed
March 4, 2017 at 5:27 pm #375578
Ken Garrett
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Makes no difference at all. Completely arbitrary.
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