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Sequential-Move Games with Complete Information

In: Strategy and Game Theory

Author

Listed:
  • Felix Munoz-Garcia

    (Washington State University)

  • Daniel Toro-Gonzalez

    (Universidad Tecnológica de Bolívar)

Abstract

In this chapter we explore sequential-move games in which players observe all relevant information, and describe how to solve these games by using backward induction, which yields the set of Subgame Perfect Nash equilibria (SPNE). Intuitively, every player anticipates the optimal actions that players acting in subsequent stages will select, and chooses his actions in the current stage accordingly.

Suggested Citation

  • Felix Munoz-Garcia & Daniel Toro-Gonzalez, 2019. "Sequential-Move Games with Complete Information," Springer Texts in Business and Economics, in: Strategy and Game Theory, edition 2, chapter 0, pages 155-217, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-11902-7_4
    DOI: 10.1007/978-3-030-11902-7_4
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