Principles of Game Theory. Lecture 6: Linking Simultaneous & Sequential Games. Administrative. Homework 2 due 5pm Typo in the last problem – check piazza Quiz 2 on Sunday. . Game playing. U: 10 pence Player 1 moves first by proposing some amount of the 10p to give to Player 2.
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Lecture 6: Linking Simultaneous & Sequential Games
There are games that are both sequential and simultaneous
Investment and pricing:
So why the big difference?
What is (are) the equilibrium(ia) here:
What happens if the fed moves first?
When Congress moves first?
What happens when player 2 knows that player 1 moved first but doesn’t know what he did?
Tennis example from the book (fig 6.9)
Imperfect information in Decision Analysis:
Most of you are probably thinking that extensive form games are easier to solve than normal form games. Well… this is where they get tricky (and often presented after normal form games)