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Simultaneous Move Games

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Nash Equilibrium

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A scenario where no player can benefit by changing strategies if the other players keep their strategies unchanged.

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Payoff Matrix

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A table that describes the possible outcomes of a game for each combination of strategies chosen by the players.

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Dominant Strategy

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A strategy that is the best for a player to follow, regardless of the strategies chosen by other players.

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Pure Strategy

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A strategy in which a player makes a specific choice or takes a specific action with certainty.

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Mixed Strategy

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A strategy where a player chooses between possible moves according to a probability distribution.

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Zero-Sum Game

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A type of game where one player's gain is exactly the other player's loss, making the sum of outcomes zero.

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Strategic Form

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Another name for the normal form representation of a game, focusing on strategies and payoffs instead of the timing of moves.

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