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Dear John,
Can you please explain what exactly is the Payoff table and which chapter does it belong to?I got a 20 marks question on Dec 2019 exams on Preparing pay off table. I have a recent Pratice and Revision kit and i have not found any questions of the payoff table yet.
Many Thanks in advance
SarojA payoff table is simply a table showing all possible outcomes (i.e. all possible profits or contributions depending on the question).
The most likely place for it to be asked is in questions on decision making under uncertainty – there will certainly be questions on this in your Revision Kit.
It is covered in the chapter on Risk and Uncertainty in our free lecture notes, and the free lectures that go with it.
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