NationMaster - Encyclopedia: Dynamic game

In game theory, a sequential game is a game where one player chooses his action before the others chooses theirs. Importantly, the later players must have some information of the first's choice, otherwise the difference in time would have no strategic effect. Extensive form representations are usually used for sequential games, since they explicitly illustrate the sequential aspects of a game. Jump to: navigation, search Game theory is a branch of applied mathematics that studies strategic situations where players choose different actions in an attempt to maximize their returns. ... An extensive form game is a specification of a game in game theory. ...

Sequential games are often solved by backward induction. In game theory, backward induction is one of dynamic programming algorithms used to compute subgame perfect equilibria in sequential games. ...

Categories: Economics and finance stubs | Game theory Jump to: navigation, search Game theory is a branch of applied mathematics that studies strategic situations where players choose different actions in an attempt to maximize their returns. ... In game theory, normal form is a way of describing a game. ... An extensive form game is a specification of a game in game theory. ... A cooperative game is a game wherein two or more players do not compete, but rather strive toward a unique objective and therefore win or lose as a group. ... In game theory, an information set is a set that, for a particular player, establishes all the possible moves that could have taken place in the game so far, given what that player has observed so far. ... A strategy in game theory is a sequence of activities and reactions, that fully determine an agents bahaviour in a game or a business situation. ... A mixed strategy is used in game theory economics to describe a strategy comprised of possible moves and a probability distribution which corresponds to how frequently each move is chosen. ... Jump to: navigation, search Preference (or taste) is a concept, used in the social sciences, particularly economics. ... Jump to: navigation, search In game theory, the Nash equilibrium (named after John Nash who proposed it) is a kind of optimal collective strategy in a game involving two or more players, where no player has anything to gain by changing only their own strategy. ... The evolutionarily stable strategy (or ESS; also evolutionary stable strategy) is a central concept in game theory introduced by John Maynard Smith and George R. Price in 1973 (a full account is given by Maynard Smiths 1982 book Evolution and the Theory of Games). ... Jump to: navigation, search Signaling games are dynamic games with two players, the sender (S) and the receiver (R). ... Cheap Talk is a term used in Game Theory for pre-play communication which carries no cost. ... Zero-sum describes a situation in which a participants gain (or loss) is exactly balanced by the losses (or gains) of the other participant(s). ... Mechanism design is a sub-field of game theory. ... The Winners curse is a phenomenon akin to a Pyrrhic victory that occurs in common value auctions with incomplete information. ... Jump to: navigation, search Will the two prisoners cooperate to minimise total loss of liberty or will one of them, trusting the other to cooperate, betray him so as to go free? The prisoners dilemma is a type of non-zero-sum game (game in the sense of Game... The game of chicken (also referred to as playing chicken) is a game in which two players engage in an activity that will result in serious damage unless one of them backs down. ... In game theory, the Stag Hunt is a game first discussed by Jean-Jacques Rousseau. ... The Ultimatum game is an experimental economics game in which two parties interact anonymously and only once, so reciprocation is not an issue. ... Matching Pennies is the name for a simple example game used in game theory. ... Minority Game is game proposed by Yi-Cheng Zhang and Damien Challet from the University of Fribourg and is inspired from the El Farol bar problem which is a simple mode that shows how selfish players cooperate with each other in the absence of communication. ... Jump to: navigation, search Rock, Paper, Scissors chart Rock, Paper, Scissors (also known by other names) is a popular hand game most often played by children. ... Game theory studies strategic interaction between individuals in situations called games. ... Minimax is a method in decision theory for minimizing the expected maximum loss. ... Wikibooks Wikiversity has more about this subject: School of Mathematics Wikiquote has a collection of quotations related to: Mathematics Look up Mathematics on Wiktionary, the free dictionary Wikimedia Commons has media related to: Mathematics Bogomolny, Alexander: Interactive Mathematics Miscellany and Puzzles. ... U.S. Economic Calendar Economics at the Open Directory Project Economics textbooks on Wikibooks The Economists Economics A-Z Institutions and organizations Bureau of Labor Statistics - from the American Labor Department Center for Economic and Policy Research (USA) National Bureau of Economic Research (USA) - Economics material from the organization... Nobel Prize in Economics winner Daniel Kahneman, was an important figure in the development of behavioral finance and economics and continues to write extensively in the field. ... Jump to: navigation, search Evolutionary biology is a subfield of biology concerned with the origin and descent of species, as well as their change over time, i. ... Evolutionary game theory (EGT) is the application of game theory in evolutionary biology. ... Jump to: navigation, search Population genetics is the study of the distribution of and change in allele frequencies under the influence of the five evolutionary forces: natural selection, genetic drift, mutation, migration and nonrandom mating. ... Behavioral ecology is the study of the ecological and evolutionary basis for animal behavior, and the roles of behavior in enabling an animal to adapt to its environment (both intrinsic and extrinsic). ...