Non coorperative Game Theory

5 important questions on Non coorperative Game Theory

What is a dominant action?

action that is better than the other action, no matter what the opponents do

is never chosen in a nash equilibrium

What is a weakly dominate action?

an action that is at least as good, no matter what the opponents do

What is a sequential game?

a tuple with:

number of players n
a rooted directed tree
an ownership function at each inferior node
a payoff vector at each leaf
the nodes have been partioned into info sets
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What is an extensive form representation?

this will allow to refine the predictions of nash equilibrium concept and formular more precise and reasonable predictions

What is the theorem of kuhn?

every sequential game with perfect information has a nash equilibrium

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