Normal Form

Simultaneous games involve players making decisions simultaneously, without knowledge of the other player's choices. In order to analyze strategies in these games, one can use game theory to determine the best course of action based on the potential outcomes and payoffs of each choice. The definition of a strategy in this context is a plan of action that a player chooses to follow in order to achieve their objectives in the game.

Analyzing simultaneous games in normal form involves identifying each player's available strategies and the resulting payoffs for each possible combination of strategies. This allows for the determination of each player's dominant strategies, Nash equilibrium, and potential outcomes of the game. Watch the video lecture above to learn more about this topic.