A "sequential game" is:
A) another term for a repeated game.
B) another term for a cooperative game.
C) the term for a game in which individuals receive their payoffs at different times.
D) the term for a game in which individuals do not commit to strategy choices at the same time.
E) the term for a game in which each outcome occurs, one after the other, as the game is repeated over time.

Question

Quizplus · Accepted Answer

A sequential game is a game in which individuals do not commit to strategy choices at the same time. In other words, each individual makes a decision after observing the decisions of others. This is in contrast to a simultaneous game, where individuals make decisions at the same time without knowledge of each other's decisions.

A "Sequential Game" Is