AGT: introduction

What must a game theory model have?

• Interaction between players

• More than one player

• At least one player

• Player preferences

What are ordinal payoffs?

• Payoffs where you can determine by how much one outcome is better than another

• Payoffs where you must have perfect information

• Payoffs where you cannot determine by how much one outcome is better than another

• Payoffs where you must have iperfect information

How do we solve dynamic games with perfect information?

• Backward induction

• Strategic form (matrix)

• Randomly

• They cannot be solved

How do we solve simultaneous games with perfect information?

• Backward induction

• Strategic form (matrix)

• Randomly

• They cannot be solved

How do we solve dynamic games with imperfect information?

• Backward induction

• Strategic form (matrix)

• Randomly

• They cannot be solved

How do we call the initial node in an extensive for game?