Games with Simultaneous Moves.pptVIP

Games with Simultaneous Moves Nash equilibrium and normal form games Overview In many situations, you will have to determine your strategy without knowledge of what your rival is doing at the same time Product design Pricing and marketing some new product Mergers and acquisitions competition Voting and politics Even if the moves are not literally taking place at the same moment, if your move is in ignorance of your rival’s, the game is a simultaneous game Two classes of Simultaneous Games Constant sum Pure allocation of fixed surplus Variable Sum Surplus is variable as is its allocation Consta