?

Microeconomics

Free Version

Upgrade subject to access all content

Difficult

Normal-form and Extensive-form Games Definition

MICRO-6RQ8KB

Which of the following is the simplest way to define a normal-form game $G$ of $n$ players?

A

$G = \{S_{1},...,S_{n}; U_{1},..., U_{n}\}$ where $S_{i}$ and $U_{i}$ are player $i$'s strategy spaces and utilities.

B

$G = \{S_{1},...,S_{n}; U_{1},..., U_{n}; P_{1},..., P_{n}\}$ where $S_{i}$, $U_{i}$ and $P_{i}$ are player $i$'s strategy spaces, utilities and preferences.

C

A rooted game tree with utilities at every terminal node.

D

A rooted game tree with payoffs at every terminal node.

E

A strategy for every player that is a best-response to all other players.