Topic 9 Flashcards
What are strategies
A complete and conditional plan of actions
In sequential games with perfect information players (CAN/CANNOT) observe all the actions taken by the other players
Answer : CAN
What is backward induction?
The process of looking ahead and working backwards to solve a game, based on the assumption that seeking for the best possible payoff is common knowledge among players
Every game of perfect information with a finite number of nodes has …
A solution to backward induction
In backward induction if no player has 2 payoffs that are the same, the solution must be _________
Unique!
In a game of perfect information what do players know?
Exactly the entire history of choices that were made before making their decisions
When information is perfect there are ____ simultaneous moves
NO
