PAYOFF MATRIX

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a table or schedule which lists the advantages and costs stemming from each potential route of action which could be selected by someone.

PAYOFF MATRIX: "The payoff matric helped us greatly to determine which route was best for our trial's success."
Cite this page: N., Sam M.S., "PAYOFF MATRIX," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/payoff-matrix/ (accessed December 9, 2022).

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