A comprehensive entry defining the extensive form in game theory, including its meaning and application.
The term 'player' in economics refers to any participant in a strategic situation being modeled, particularly within the context of game theory.
A comprehensive examination of strategic interaction where the decisions of economic agents affect each other's payoffs, commonly analyzed through game theory.
A detailed entry on the concept of an isoprofit curve, its definitions, meanings, and applications in various economic frameworks.
An economic model of duopoly where one firm acts as a leader and the other as a follower, influencing each other's strategic decisions.
An introduction to the concept of strategic behaviour in economics and its implications.
A game set in continuous time, where the change in the state variable is determined by the strategies of the two players.
A game theory concept illustrating gains from coordination and the difficulties in achieving it
An equilibrium concept in multi-stage games where players are informed about the previous strategy choices of opponents.
A comprehensive entry discussing the concept of common knowledge, its implications, and how it is utilized in economics, particularly in game theory.
A comprehensive overview of cooperative game theory, including its definition, historical context, and major analytical frameworks.
A comprehensive look at the concept of a credible threat in economics, its definition, and relevance across various economic theories.
A strategy in game theory that results in the highest payoff for a player, regardless of the strategy adopted by others.
A situation in which the optimal plan of a decision-maker made at one point in time is no longer optimal later in time.
The strategic advantage to being the first to act in various economic contexts.
An examination of the Folk Theorem in the context of game theory, defining its significance and implications as established in economics.
An analysis of the Game of Chicken, a two-player game illustrating potential conflicts and outcomes.
The analysis of strategic situations where one agent's actions affect another's pay-off, providing a formal model for strategic interaction.
An overview and analysis of incomplete information in economics.
The field of economics devoted to the study of decision-making by firms and the interaction between firms in the marketplace.
Definition and meaning of the term 'matching pennies' in economics.
The construction of a game of strategic interaction that achieves a specific outcome in economics.
The existence of more than one solution to the equations describing the equilibrium of an economic model.
An analysis of Nash equilibria in game theory, examining pure and mixed strategies, their implications, and examples.
An exploration of the Nash equilibrium, a fundamental concept in game theory, including its definitions, historical context, major frameworks, and applications.
An exploration of the Nash equilibrium, a fundamental concept in game theory, including its definitions, historical context, major frameworks, and applications.
An economic term used in cooperative game theory to refer to a configuration of pay-offs that minimizes the maximum dissatisfaction among coalitions.
An equilibrium in multi-stage games where players do not observe previous strategies, allowing no strategy revision.
A comprehensive look at the concept of pay-off matrix in game theory.
An equilibrium where agents with differing characteristics choose the same action, common in markets such as insurance.
An exploration of the concept of pre-commitment in economics and its various theoretical and practical implications.
A two-player game illustrating the conflict between private and social incentives, and the importance of binding commitments.
A strategy used in repeated games to secure outcomes not achieved by a single play Nash equilibrium.
An optimal strategy of one player in a game expressed as a function of the strategy choices of other players
A game that is repeated a number of times in future periods, influencing strategy and reputation considerations among participants.
An auction type where the highest bidder wins but pays the price bid by the second-highest bidder
An equilibrium in which agents with different characteristics choose different actions.
A process for determining a fair allocation in a cooperative game, using the Shapley value concept.
An exploration of the concept of strategy within the context of game theory, including dominant and mixed strategies and their implications.
Definition, historical context, and analytical frameworks for understanding the concept of a subgame in economics and game theory.
A detailed exploration of Subgame Perfect Equilibrium in the context of sequential games in economics.
An exploration of the Tit for Tat strategy in repeated games, particularly the Prisoner's Dilemma.
A strategy used in repeated non-cooperative games where a player cooperates until the opponent defects, triggering subsequent punishment.
An exploration of trust in economic contexts, particularly in situations of asymmetric information and repeated games.
Definition and examination of the term unique equilibrium in economics.
Definition and analysis of the economic concept Zero-Sum Game
Definition and analysis of the economic concept Zero-Sum Game
An analysis and definition of the concept of Cournot Duopoly within economic theory
