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Strategic and extensive games

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Author Info

  • Martin J. Osborne

Abstract

The basic theory of strategic and extensive games is described. Strategic game, Bayesian games, extensive games with perfect information, and extensive games with imperfect information are defined and explained. Among the solution concepts discussed are Nash equilibrium, correlated equilibrium, rationalizability, subgame perfect equilibrium, and weak sequential equilibrium.

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File URL: http://www.economics.utoronto.ca/public/workingPapers/tecipa-231-1.pdf
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Bibliographic Info

Paper provided by University of Toronto, Department of Economics in its series Working Papers with number tecipa-231.

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Length: 26 pages
Date of creation: 05 May 2006
Date of revision:
Handle: RePEc:tor:tecipa:tecipa-231

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Related research

Keywords: Strategic games; Bayesian games; extensive games; Nash equilibrium; correlated equilibrium; subgame perfect equilibrium; sequential equilibrium;

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  1. D. B. Bernheim, 2010. "Rationalizable Strategic Behavior," Levine's Working Paper Archive 514, David K. Levine.
  2. Aumann, Robert J., 1974. "Subjectivity and correlation in randomized strategies," Journal of Mathematical Economics, Elsevier, vol. 1(1), pages 67-96, March.
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