2018•The New Palgrave Dictionary of EconomicsRequires access
Strategic and Extensive Form Games
Martin J. Osborne
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Abstract
The basic theory of strategic and extensive games is described. Strategic games, Bayesian games, extensive games with perfect information, and extensive games with imperfect information are defined and explained. Among the solution concepts discussed are Nash equilibrium, correlated equilibrium, rationalizability, subgame perfect equilibrium, and weak sequential equilibrium.