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A_Course_in_Game_Theory_-_Martin_J._Osborne 29

A_Course_in_Game_Theory_-_Martin_J._Osborne 29 - Page 14...

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Page 14 the basis of information about the way that the game or a similar game was played in the past (see Section 1.5). A sequence of plays of the game can be modeled by a strategic game only if there are no strategic links between the plays. That is, an individual who plays the game many times must be concerned only with his instantaneous payoff and ignore the effects of his current action on the other players' future behavior. In this interpretation it is thus appropriate to model a situation as a strategic game only in the absence of an intertemporal strategic link between occurrences of the interaction. (The model of a repeated game discussed in Chapter 8 deals with series of strategic interactions in which such intertemporal links do exist.) When referring to the actions of the players in a strategic game as "simultaneous" we do not necessarily mean that these actions are taken at the same point in time. One situation that can be modeled as a strategic game is the following. The players are at different locations, in front of terminals. First the players' possible actions and payoffs
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