New answers tagged extensive-games
4
The game is indeed an $8\times 4$-game. A strategy formally specifies what to do at each information set, including those information sets that can never occur under the strategy. In that sense, a strategy is not simply a "plan of action." This point has been famously made in (see Section 2):
Rubinstein, Ariel. "Comments on the interpretation ...
Top 50 recent answers are included
Related Tags
game-theory × 22extensive-games × 22
microeconomics × 5
nash-equilibrium × 4
dynamic-games × 3
self-study × 2
industrial-organisation × 1
monopoly × 1
definition × 1
bayesian-game × 1
repeated-games × 1
proof-reference × 1