A simultaneous game:
A) requires that both participants play exactly the same strategy at the same time.
B) involves at least one participant playing a random strategy after first observing the opponent's strategies.
C) necessitates participants revealing their strategy at the same time without knowing the strategy of their opponent.
D) requires both players to base their strategy on backward induction.

Question

Quizplus · Accepted Answer

In a simultaneous game, participants choose their strategies without knowledge of the other's choice, effectively making their decisions at the same time. This contrasts with sequential games, where players make decisions one after another, often with knowledge of the previous moves.

A Simultaneous Game