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First, the payoff environment can be manipulated.
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However, the feature of dynamic game-based model can ensure the excellent user's payoff under dynamic environment situations.
Furthermore, for the known trade reduction mechanisms, we prove that the corresponding mechanisms under the multi-stage design approach are superior in terms of both social efficiency and individual payoffs, in each exchange environment of interest.
To manage ERP investment in a changing environment for high payoff, this paper adopts a real option theoretic method.
Experiments in economics consist of three elements: an environment defining the payoffs motivating choice; an institution defining the language and rules governing communication, actions and outcomes; behavior, given the environment and institution.
Search plays a key role because the environment is subject to payoff 'volatility' and, therefore, agents must continuously adapt to sustain high payoffs.
"The noisier a firm's environment, the greater the payoff to owners in maintaining tighter control," the paper explains.
Stage 1: Solve the supply chain modeling problem in crisp environment and obtain a payoff table.
We present several candidate strategies and compute the expected payoffs to each in our experimental environment.
I was assured by my hosts that Gulfstream customers aren't looking to loll about in a posh environment for kicks -- the payoff comes in the form of productivity, efficiency and so on.
In other words, the agents are able to obtain a good payoff even with constant changes in the environment.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com