Which of the following is true of an extensive-form game?
A) The sum of the payoffs to the players in the game is always constant.
B) It involves simultaneous decision making by the players.
C) It involves sequential decision making by the players.
D) The players in the game earn equal payoffs in equilibrium.

Question

Quizplus · Accepted Answer

An extensive-form game involves sequential decision making by players, where each player chooses their action after observing the actions of the players before them. The sum of payoffs is not always constant and players may have different payoffs depending on the actions they take and the actions of others. Equal payoffs in equilibrium is not a necessary condition for extensive-form games. Therefore, option C is the correct answer.

Which of the Following Is True of an Extensive-Form Game