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Game theory basics
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Module 4
Sequential Games and Strategic Moves
1
Extensive Form Representation of Sequential Games
Represent sequential games using the extensive form (game trees).
2
Subgames and Subgame Perfect Nash Equilibrium
Define subgames and Subgame Perfect Nash Equilibrium (SPNE).
3
Backward Induction and Subgame Perfect Nash Equilibrium
Apply the algorithm of backward induction to find the SPNE in games of perfect information.
4
Subgame Perfection and Credible Threats
Use subgame perfection to distinguish credible from non-credible threats.
5
Entry Deterrence: A Sequential Game Approach
Model a simple entry-deterrence scenario as a sequential game and solve for the SPNE.
Previous module
Mixed Strategies and Equilibrium Refinements
Next module
Repeated Games and the Emergence of Cooperation