Simultaneous Game
Definition
A game where players move at the same time, or without seeing others' moves. Solved by mutual best response (Nash equilibrium).
Example
Sealed-bid auctions and pricing decisions in oligopoly are simultaneous games.
A game where players move at the same time, or without seeing others' moves. Solved by mutual best response (Nash equilibrium).
Sealed-bid auctions and pricing decisions in oligopoly are simultaneous games.