Game Theory - Sequential Games

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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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