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Types of Games in Game Theory

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Symmetric Games

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Games where the payoffs for playing a particular strategy depend only on the other strategies employed, not on who is playing them.

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Non-Cooperative Games

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Games in which players make decisions independently and there is no possibility of forming binding agreements.

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Non-Zero-Sum Games

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Games in which the total of gains and losses can be less than, equal to, or more than zero, allowing mutual gain.

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Zero-Sum Games

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A scenario where one participant's gain is exactly balanced by the losses of other participants.

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Cooperative Games

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Games where players form coalitions and can enforce contracts, often focused on group strategy and resource sharing.

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Asymmetric Games

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Games where strategies and payoffs differ among players.

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Sequential Games

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Games where players make decisions one after another, with a clear order of play.

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Simultaneous Games

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Games where players make decisions at the same time without knowledge of the other players' choices.

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