2. Simultaneous-Move Games

Assigned Reading

Central Idea: Think about what happens if your rival is as smart as you are.

Antithesis: Base your predictions on past experience, without speculation.

Topics That Might be Discussed in Class

Important Terms: Simultaneous vs. Sequential Moves, Dominant Strategies, Dominated Strategies, Multiple Equilibria, Nonexistence of equilibrium, Reaction Curve, Nash Equilibrium, Continuous vs. Discrete Strategies.

For Next Time

Additional Material

Return to the Thinking Strategically Home Page, at http: //pacioli.bus.indiana.edu/erasmuse/g570/g570.htm. Send comments to Prof. Rasmusen. Last updated: February 22, 2002.