chapter iii ne.ppt

Chapter 3 (III) Extension and Discussion of Extensive Form Game 1. Allowing for Simultaneous Moves Now we describe a more general model that allows us to study situations in which, after some sequences of events, the members of a group of decision-makers choose their actions “simultaneously”. Each member knowing every decision-maker’s previous actions, but not the contemporaneous actions of the other members of the group. (1) Strategies and Nash equilibrium Strategy: As in a game without simultaneous moves, a player’s strategy specifies the action she chooses for every history after which i