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Player 1 accepts - PowerPoint PPT Presentation

Dynamic Games of Complete Information

Dynamic Games of Complete Information. Extensive form games. To model games with a dynamic structure Main issues with a dynamic structure: 1. Information structure: who knows what and when? 2. Credibility 3. Commitment 4. The idea of Backward Induction. The Stackelberg game.

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Player 1 accepts - PowerPoint PPT Presentation

Dynamic Games of Complete Information