Static game, Game Theory

 

A static game is one during which all players build choices (or choose a strategy) simultaneously, while not information of the methods that are being chosen by different players. although the choices could also be created at totally different points in time, the sport is simultaneous as a result of every player has no data concerning the choices of others; therefore, it's as if the choices are created simultaneously. Simultaneous games are represented by the conventional kind and solved using the concept of a Nash equilibrium.

 

Posted Date: 7/21/2012 5:08:34 AM | Location : United States







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