Question

In some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently respond.
Such games are called:

A. repeated games.

B. credible games.

C. sequential games.

D. multi-period games.

Answer 1

Answer:

C. sequential games.

Explanation:

Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.