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Page.1Game Theory Strategic Form Games Event Pocketed IOC UniversityLevent Pocketed (IOC University)Strategic Form Games1 / 40page.2Strategic Form Games It is used to model situations in which players

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What is strategic form games?

Strategic form games are a type of game theory that represents a set of strategies available to players and the payoff resulting from each combination of strategies chosen by the players.

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Businesses or individuals involved in strategic decision-making processes in a competitive environment may be required to fill out strategic form games.

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To fill out strategic form games, players must list the strategies available to them and their corresponding payoffs in a matrix format.

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The purpose of strategic form games is to analyze the outcome of strategic interactions between rational decision-makers and predict their behaviors in competitive situations.

What information must be reported on strategic form games?

Strategic form games require reporting of the strategies available to players, the payoffs associated with each strategy combination, and any relevant assumptions.

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