CEVAP:

For each combination of decision alternative and state of nature, a payoff value is calculated. Payoff values might be profits or costs depending on the overall purpose of the decision. If the payoff values are profit based, each payoff value will show you the profit value for the chosen decision alternative and specific state of the nature. In order to find the profit or cost values for each combination of decision alternative, state of nature, you need to seek expert opinions. Calculating the payoff values for each combination requires substantial time and effort.