simultaneous move game real life example

IBM have the first move to choose ads or not, hence the split of the tree at the IBM node.IBM can attempt to discourage Happy-Families’ entry by launching an advertising campaign today.If Happy-Families decide to move into this market it will take 2 years of R&D etc.Suppose IBM already produces servers, but Happy-Families currently do not.Payoffs IBM, H-F 1,1 In H-F Ads Out 3,3 IBM 2,4 In H-F No Ads Out 4,2 How to Construct a Game TreeAn Example Happy-Families vs.

A game tree allows an intuitive visual representation of the possible choices and payoffs available to the players.Sometimes called the extensive form of the game.Payoffs #1, #2 1 6 Choice c Player #2 (Moves second) Choice d Choice a 6 1 Player #1 (Moves first) Nodes Branches Choice b 3 3 Choice e Choice f Player #2 (Moves second) 10 -5 Game Trees How it can be that some games need to be thought of as you playing against yourself! Games People Play.Why it is that the order of moved can matter for the outcome of the game.Techniques for reducing complex games into easily understood ones.How to figure out what to expect in games with sequential moves.

Simultaneous move game real life example