Which of the following is true of a simultaneous-move game?
A) Players choose their actions after knowing the action of the first player.
B) All relevant benefits and costs of each action are taken into account.
C) It involves strategic interactions among a large number of players.
D) It cannot be represented by a payoff matrix.

Question

Quizplus · Accepted Answer

In a simultaneous-move game, players choose their actions at the same time without knowledge of the other players' actions. Therefore, all relevant benefits and costs of each action are taken into account by each player while making their decision. Choice A is incorrect because players do not know the action of the first player before making their decision. Choice C is incorrect because simultaneous-move games can involve strategic interactions among a small number of players. Choice D is incorrect because a payoff matrix can be used to represent a simultaneous-move game.

Which of the Following Is True of a Simultaneous-Move Game