Exact(3)
In contrast to much of the literature, the driving force in our model is payoff uncertainty, rather than noncontractible investments.
The objective is to minimize the total search cost (t_{mathrm{search}} = t_{mathrm{submission}} times n+ t_{mathrm{switch}} times d) when finding all key information, that is payoff = 10.
Cultural transmission is payoff biased: individuals meet another individual, the "model," and adopt the model's behavioral variant with a probability proportional to the difference in payoffs.
Similar(57)
"There has to be payoff.
But there are payoffs.
One of them was payoffs to women.
Slowly but steadily, there have been payoffs from this research.
So this is her payoff from apple picking and this is her payoff from seeing Richard II.
What is the payoff?
This is the payoff.
There is a payoff, though.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com