Complete information sequential games can be represented in payoff matrices and complete information simultaneous games can be represented in game trees with information sets.

Question

Quizplus · Accepted Answer

This statement is true. Sequential games involve players taking turns and knowing the previous actions taken by other players, which can be represented in a payoff matrix. Simultaneous games, on the other hand, involve all players making their moves simultaneously, while not knowing the moves of other players, which can be represented in game trees with information sets.

Complete Information Sequential Games Can Be Represented in Payoff Matrices