ABSTRACT

This chapter introduces the basic solution concepts, techniques, and key theorems. It presents a variety of contexts demonstrating a range of options in the number of players and the turn-taking process and describes a general game in terms of the sequences. Sequential games model scenarios in which the players act sequentially, usually taking turns according to some rule. In the early 2000s, media-streaming products were introduced by a few companies to compete with cable Television. An analysis based on the game tree is often more illustrative than the strategic game matrix. Backward induction is the following algorithm: Label all of the terminal nodes of the game tree with the payoff vectors. Despite the complexity of a combinatorial game, Zermelo's Theorem tells people that there is a well-defined and predetermined outcome when the game is played between two rational players. In making government policy with respect to college financial assistance, it would be beneficial to determine the circumstances likely to hold.