Extensive Form

Sequential games are a type of game theory that involves players making decisions in a specific order, with each player's decision affecting the options and outcomes available to the other players. In a sequential game, players take turns making decisions, and each decision can impact the outcome of the game.

Analyzing sequential games in extensive form involves identifying the players, their available actions at each decision point, and the payoffs associated with each possible outcome. This analysis can help determine the best strategies for each player and the likely outcomes of the game. Common solution concepts for sequential games include backward induction and subgame perfect equilibrium. Watch the video lecture above to know more!