Sequential-Move Games with Complete Information
Felix Munoz-Garcia and
Daniel Toro-Gonzalez
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Daniel Toro-Gonzalez: Universidad Tecnológica de Bolívar
Authors registered in the RePEc Author Service: Daniel Toro González ()
Chapter Chapter 4 in Strategy and Game Theory, 2016, pp 107-143 from Springer
Abstract:
Abstract In this chapter we explore sequential-move games in which players observe all relevant information, and describe how to solve these games by using Backward induction backward induction, which yields the set of Subgame Perfect Nash equilibria (SPNE)Subgame Perfect Nash equilibria (SPNE) . Intuitively, every player anticipates the optimal actions that players acting in subsequent stages will select, and chooses his actions accordingly.
Date: 2016
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Chapter: Sequential-Move Games with Complete Information (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-32963-5_4
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DOI: 10.1007/978-3-319-32963-5_4
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