Topic 9 Flashcards Preview

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Flashcards in Topic 9 Deck (7)
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1
Q

What are strategies

A

A complete and conditional plan of actions

2
Q

In sequential games with perfect information players (CAN/CANNOT) observe all the actions taken by the other players

A

Answer : CAN

3
Q

What is backward induction?

A

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

4
Q

Every game of perfect information with a finite number of nodes has …

A

A solution to backward induction

5
Q

In backward induction if no player has 2 payoffs that are the same, the solution must be _________

A

Unique!

6
Q

In a game of perfect information what do players know?

A

Exactly the entire history of choices that were made before making their decisions

7
Q

When information is perfect there are ____ simultaneous moves

A

NO