Move by nature

From Wikipedia, the free encyclopedia

fig.1, A game beginning with a move by nature

In game theory a move by nature is a decision or move in an extensive form game made by a player who has no strategic interests in the outcome. The effect is to add a player, 'Nature', whose practical role is to act as a random number generator. For instance, a game of Poker requires a dealer to choose which cards a player is dealt, the dealer plays the role of the Nature player

Fig.1 shows a signaling game which begins with a move by nature. Moves by nature are an integral part of games of incomplete information.

References

Fudenberg, Drew; Tirole, Jean (1995). Game Theory. MIT Press. p. 336–337. ISBN 0-262-06141-4.

v t e Topics in game theory

Definitions	Normal-form game Extensive-form game Graphical game Cooperative game Succinct game Information set Hierarchy of beliefs Preference

Equilibrium concepts	Nash equilibrium Subgame perfection Mertens-stable equilibrium Bayesian-Nash Perfect Bayesian Trembling hand Proper equilibrium Epsilon-equilibrium Correlated equilibrium Sequential equilibrium Quasi-perfect equilibrium Evolutionarily stable strategy Risk dominance Core Shapley value Pareto efficiency Quantal response equilibrium Self-confirming equilibrium Strong Nash equilibrium Markov perfect equilibrium

Strategies	Dominant strategies Pure strategy Mixed strategy Tit for tat Grim trigger Collusion Backward induction Forward induction Markov strategy

Classes of games	Symmetric game Perfect information Simultaneous game Sequential game Repeated game Signaling game Cheap talk Zero-sum game Mechanism design Bargaining problem Stochastic game Large Poisson game Nontransitive game Global games

Games	Prisoner's dilemma Traveler's dilemma Coordination game Chicken Centipede game Volunteer's dilemma Dollar auction Battle of the sexes Stag hunt Matching pennies Ultimatum game Rock-paper-scissors Pirate game Dictator game Public goods game Blotto games War of attrition El Farol Bar problem Cake cutting Cournot game Deadlock Diner's dilemma Guess 2/3 of the average Kuhn poker Nash bargaining game Screening game Prisoners and hats puzzle Trust game Princess and monster game Monty Hall problem

Theorems	Minimax theorem Nash's theorem Purification theorem Folk theorem Revelation principle Arrow's impossibility theorem

Key figures	Kenneth Arrow Robert Aumann Kenneth Binmore Samuel Bowles Melvin Dresher Merrill M. Flood Drew Fudenberg Donald B. Gillies John Harsanyi Leonid Hurwicz David K. Levine Daniel Kahneman Harold W. Kuhn Eric Maskin Jean-François Mertens Paul Milgrom Oskar Morgenstern Roger Myerson John Nash John von Neumann Ariel Rubinstein Thomas Schelling Reinhard Selten Herbert Simon Lloyd Shapley John Maynard Smith Jean Tirole Albert W. Tucker William Vickrey Robert B. Wilson Peyton Young

See also	Tragedy of the commons Tyranny of small decisions All-pay auction List of games in game theory Confrontation analysis List of game theorists Combinatorial game theory

This article is issued from Wikipedia. The text is available under the Creative Commons Attribution/Share Alike; additional terms may apply for the media files.