EconS 425 - Sequential Move Games

EconS 425 - Sequential move GamesEric DunawayWashington State OrganizationEric Dunaway (WSU) EconS 425 Industrial Organization1 / 57 IntroductionToday, we ll continue with our overview of game theory by looking atwhat happens when players take turns choosing their actions, ratherthan moving at the same are known as Sequential move move Games add another layer of strategy to the decisionmaking of all agents Dunaway (WSU) EconS 425 Industrial Organization2 / 57 Sequential move GamesAs stated before, Sequential move Games are simply where the orderof movement example, suppose we had two players, and player 1 was able tochoose their action before player 2 could choose 2 is able to observe the action taken by player 1, then , one player will have an advantage over the other player inthis case, but determining which player has that advantage dependson the game Dunaway (WSU) EconS 425 Industrial Organization3 / 57 Sequential move GamesLet s return to the prisoner s time, however, we will let player 1 decide whether to choosesilence or betray rst.

Oct 15, 2017 · Sequential Move Games As we can see, in equilibrium, player 1 will choose to betray player 2, and then player 2 will respond by betraying player 1. This is the same outcome as in the simultaneous move game. This will always happen when a simultaneous move game only has a single Nash equilibrium.

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  Games, Move, Simultaneous, Simultaneous move, Move games

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