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Types of Games in Game Theory
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Sequential Games
Games where players make decisions one after another, with a clear order of play.
Asymmetric Games
Games where strategies and payoffs differ among players.
Non-Cooperative Games
Games in which players make decisions independently and there is no possibility of forming binding agreements.
Non-Zero-Sum Games
Games in which the total of gains and losses can be less than, equal to, or more than zero, allowing mutual gain.
Cooperative Games
Games where players form coalitions and can enforce contracts, often focused on group strategy and resource sharing.
Zero-Sum Games
A scenario where one participant's gain is exactly balanced by the losses of other participants.
Symmetric Games
Games where the payoffs for playing a particular strategy depend only on the other strategies employed, not on who is playing them.
Simultaneous Games
Games where players make decisions at the same time without knowledge of the other players' choices.
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