scyal shoizsx thfiwori

the study of strategic interaction between PARTICIPANTS (players) in a situation (games) that contains a set of RULES and a set of OUTCOMES

(a)  

• sequence of actions (moves) is called (a)  

• Each player receives a (a)   that depends

• on the actions of all the players involved.

• Each player has only one move and all these moves are done simultaneously.

• simultaneous

• sequential

• perfect

• imperfect

• NO two players move at the same time

• (they take turns)

• and players may have several actions (moves).

• simultaneous

• sequential

• perfect

• imperfect

• each player, when making a decision, knows all the

• actions that have previously occurred

• perfect information

• imperfect information

• complete information

• incomplete information

• there is at least one information hidden

• for some players (except games with chance moves).

• perfect information

• imperfect information

• complete information

• incomplete information

• all players are aware of the rules of the game

• and they know all the other players and their strategies and payoffs.

• perfect information

• imperfect information

• complete information

• incomplete information

• players do not have full information about

• their opponents, strategies and payoffs.

• Some players may have private information.

• perfect information

• imperfect information

• complete information

• incomplete information

• a game in (a)   FORM is a table of numbers

• with strategies sa margins

• and payoffs sa cells.