Continuous games

Question 1

What are normal form games?

Answer 1

Games that take place over one period in which two players select their moves simultaneously and independently

Question 2

What is strategy?

Answer 2

Strategy is the list of a player’s responses to all possible moves of the other player, complete with the payoffs of each decision

Question 3

What is complete information?

Answer 3

Complete information is when all players understand the game being played

Question 4

Why are strategy spaces more complicated than a set of discrete actions?

Answer 4

Strategy spaces are more complicated than a set of discrete actions because they’re dependent on other player’s actions

Question 5

What does it mean for a strategy space to be dynamic

Answer 5

Dynamic strategy spaces mean they change frequently