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  • The Rules of a Game in Game Theory

Sequential vs. Simultaneous Games

The fundamental difference between sequential and simultaneous games lies in the timing of player actions and the information available to them. In simultaneous games, like the prisoners' dilemma, players act concurrently without knowledge of their opponents' choices. Conversely, in sequential games, such as the ultimatum game, players move in a specified order, allowing later players to observe and react to the moves of those who acted before them.

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  • Sequential Game

  • Sequential vs. Simultaneous Games

  • Simultaneous Game

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