Differentiate between a Normal form game and Extensive form game.

Question

28 Aug 2022

Answer :

Word Count : 278

In game theory, normal form is a description of a game. Unlike extensive form, normal-form representations are not graphical per se, but rather represent the game by way of a matrix. While this approach can be of greater use in identifying strictly dominated strategies and Nash equilibria, some information is lost as compared to extensive-form representations. The normal-form representation of a game includes all perceptible ____ ________ ____ _____ ____ ______ ___ ______ ______ _________ ______.
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