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Essay's paper info
| Topic: |
Miscellaneous
|
| Number of pages / Number of words: |
50 / 13802 |
Essay's paper body
The expected payoff incorporates the player's attitude towards
risk.
Perfect information
A game has perfect information when at any point in time only one player makes a move,
and knows all the actions that have been made until then.
Player
A player is an agent who makes decisions in a game.
Rationality
A player is said to be rational if he seeks to play in a manner which maximizes his own
payoff...
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It is often assumed that the rationality of all players is common knowledge.
Strategic form
A game in strategic form, also called normal form, is a compact representation of a game
in which players simultaneously choose their strategies. The resulting payoffs are presented
in a table with a cell for each strategy combination...
Essay fragment
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