Explain the structure of the payoff matrix, including: . . . The players and how they are represented in the matrix (who are they? Who is the row player and who is the column player?) Their objectives The information structure - who knows what? The payoffs and how they are always shown in the matrix (whose payoff is the first term in the brackets?) - what do the payoffs represent? What matters - the absolute or the relative structure of the payoffs, and why?