Difference between revisions of "Extensive-form game"
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* His payoffs for all possible game outcomes. | * His payoffs for all possible game outcomes. | ||
| − | Extensive-form games also allow representation of [[incomplete information]] in the form of chance events encoded as "[[moves by nature]]". | + | Extensive-form games also allow representation of [[incomplete information]] in the form of chance events encoded as "[[Move by nature|moves by nature]]". |
== See also == | == See also == | ||
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* [[Game theory]] | * [[Game theory]] | ||
* [[Incomplete information]] | * [[Incomplete information]] | ||
| − | * [[ | + | * [[Move by nature]] |
* [[Self-confirming equilibrium]] | * [[Self-confirming equilibrium]] | ||
* [[Sequential game]] | * [[Sequential game]] | ||
Revision as of 05:24, 12 April 2016
An extensive-form game is a specification of a game in game theory.
Description
Extensive-form games allow explicit representations of a number of important aspects, including:
- The sequencing of players' possible moves
- Their choices at every decision point
- The (possibly imperfect) information each player has about the other player's moves when he makes a decision
- His payoffs for all possible game outcomes.
Extensive-form games also allow representation of incomplete information in the form of chance events encoded as "moves by nature".
See also
- Axiom of determinacy
- Combinatorial game theory
- Game theory
- Incomplete information
- Move by nature
- Self-confirming equilibrium
- Sequential game
- Signalling
- Solution concept
External links
- Extensive-form game @ Wikipedia
