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Game Theory - Sequential Games
Happy Wednesday!
Sequential games are the games where players take turns making moves that influence each other's decisions. It's like a chain reaction of choices that shape the game's outcome. In sequential games, players strategically act in response to one another's moves, creating a chain of decisions with consequences that ripple throughout the game. In today’s newsletter, we will explore the fundamentals of sequential games, their defining features, strategic considerations, and real-world applications. Let’s get started!
🧑💻 In this week’s edition: Game Theory
Monday - Introduction to Game Theory
Tuesday - Simultaneous Games
Wednesday - Sequential Games
Thursday - Repeated Games
Friday - Cooperative Games
Saturday - Uncertainty and Errors
💭 Question of the day
“What is the essence of backward induction in sequential games?”
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