extensive form
111Common knowledge (logic) — For common knowledge in general, see Common knowledge. Common knowledge is a special kind of knowledge for a group of agents. There is common knowledge of p in a group of agents G when all the agents in G know p, they all know that they know p,… …
112Strategy (game theory) — In game theory, a player s strategy in a game is a complete plan of action for whatever situation might arise; this fully determines the player s behaviour. A player s strategy will determine the action the player will take at any stage of the… …
113Dictator game — The dictator game is a game in experimental economics, similar to the ultimatum game. Experimental results offer evidence against the rationally self interested individual (sometimes called the homo economicus) concept of economic behavior,[1]… …
114Escalation of commitment — was first described by Barry M. Staw in his 1976 paper, Knee deep in the big muddy: A study of escalating commitment to a chosen course of action .[1] More recently the term sunk cost fallacy has been used to describe the phenomenon where people… …
115Non-credible threat — Illustration that shows the difference between a SPNE and a other NE. The blue equilibrium is not subgame perfect because player two makes a non credible threat at 2(2) to be unkind (U). A non credible threat is a term used in game theory and… …
116Complete mixing — In evolutionary game theory, complete mixing refers to an assumption about the type of interactions that occur between individual organisms. Interactions between individuals in a population attains complete mixing if and only if the probably… …
117El Farol Bar problem — El Farol in Santa Fe The El Farol bar problem is a problem in game theory. Based on a bar in Santa Fe, New Mexico, it was created in 1994 by W. Brian Arthur. The problem is as follows: There is a particular …
118Moving-knife procedure — In the mathematics of social science, and especially game theory, a moving knife procedure is a type of solution to the fair division problem. The canonical example is the division of a cake using a knife.[1] The simplest example is a moving… …
119Deadlock (game theory) — C D c 1, 1 0, 3 d 3, 0 2, 2 In game theory, Deadlock is a game where the action that is mutually most beneficial is also dominant. (An example payoff matrix for Deadlock is pictured to the right.) This provides a contrast to the Prisoner s… …
120Symmetric game — In game theory, a symmetric game is a game where the payoffs for playing a particular strategy depend only on the other strategies employed, not on who is playing them. If one can change the identities of the players without changing the payoff… …
