PAYOFF TABLE
\pˈe͡ɪɒf tˈe͡ɪbə͡l], \pˈeɪɒf tˈeɪbəl], \p_ˈeɪ_ɒ_f t_ˈeɪ_b_əl]\
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A tool used for decision analysis which lists down all the pros and cons of any decision. It makes use of payoffs, and provides various combinations or alternatives, giving a better idea of the situation. Known as a payoff matrix too.
By Henry Campbell Black
