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A common payoff for nurses, doctors and other healthcare professionals that sign up to coordinate rotas is that they can assign themselves to a warm house with family around them at Christmas and New Year.
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We have demonstrated that, starting from a common Prisoner's Dilemma payoff structure, relatively small amounts of variation drastically reduce the proportion of matrices that still conform to Prisoner's Dilemma.
Sometimes a good payoff can really take a common homophone theme and turn it into something elegant.
A learning process leads participants to a common joint action with an acceptable payoff.
The payoff structure represents a common-pool resource situation; participants' payoffs depend on the number of trees harvested, and aggregate over-harvesting can harm future harvest.
Regarding the common knowledge assumptions, it is assumed that the operators are synchronized for their spectrum sharing game so that they have a common definition of shared spectrum goods to easily compare their own payoff with that of the others.
For instance there is a common willingness among conservatives to defend the Bush tax cuts, even though the evidence does not show much of an economic payoff.
The payoff in a game can be non-measurable psychological parameters such as utility, prestige, desire, security level, or measurable quantities that serve as a common medium of exchange.
The group beneficial trait does not spread to groups in which it is not common because payoff bias acts strongly against the trait in such groups.
In groups in which punishers are common, defectors are heavily punished, have a lower payoff than cooperators who are not punished, and thus, are less likely to be imitated than cooperators.
The chairman of the Commons home affairs committee has branded a £1.2m payoff to outgoing G4S chief executive Nick Buckles "astonishing" given his role in the Olympics security fiasco last summer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com