The normal form is not sufficient

Antonio Quesada

Economics and Philosophy, 2001, vol. 17, issue 2, 235-243

Abstract: The relationship between extensive and normal form analyses in non-cooperative game theory seems to be dominated, at least traditionally, by the so-called ‘sufficiency of the normal form principle’, according to which all that is necessary to analyse and ‘solve’ an extensive game is already in its normal form representation. The traditional defence of the sufficiency principle, that Myerson (1991, p. 50) attributes to von Neumann and Morgenstern, holds that, with respect to extensive games, it can be assumed without loss of generality, that players formulate simultaneously and independently their strategic plans at the beginning of the game – a situation which, it is claimed, is exactly described by the normal representation of an extensive game.

Date: 2001
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:ecnphi:v:17:y:2001:i:02:p:235-243_00

Access Statistics for this article

More articles in Economics and Philosophy from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().