A key to analyzing subgame perfect equilibrium strategy in sequential games is
A) predictable behavior
B) an explicit order of play for at least some participants
C) information sets that are known with certainty
D) credible threats clearly communicated
E) randomness

Question

Quizplus · Accepted Answer

An explicit order of play is essential in sequential games to determine the subgame perfect equilibrium, as it allows players to anticipate and respond to the actions of others at each stage of the game.

A Key to Analyzing Subgame Perfect Equilibrium Strategy in Sequential