On the contrary, sequential games are the one in which players are aware about the moves of players who have already adopted a strategy. However, in sequential games, the players do not have a deep knowledge about the strategies of other players. Simultaneous games are represented in normal form while sequential games are represented in extensive form.
Let us understand the application of simultaneous move games with the help of an example. Suppose organizations X and Y want to minimize their cost by outsourcing their marketing activities. However, they have a fear that outsourcing of marketing activities would result in increase of sale of the other competitor.
The strategies that they can adopt are either to outsource or not to outsource the marketing activities. In Table, it can be seen that both the organizations X and Y are unaware about the strategy of each other.
Both of them work on the perception that the other one would adopt the best strategy for itself. Therefore, both the organizations would adopt the strategy, which is best for them. The same example can also be used for the explanation of sequential move games. Suppose organization X is the first one to decide whether it should outsource the marketing activities or not.
In Figure-3, the first move is taken by organization X while organization Y would take decision on the basis of the decision taken by X. However, the final outcome depends on the decision of organization Y. In the present case, the second player is aware of the decision of the first player. Constant sum game is the one in which the sum of outcome of all the players remains constant even if the outcomes are different.
Zero sum game is a type of constant sum game in which the sum of outcomes of all players is zero. In zero sum game, the strategies of different players cannot affect the available resources.
Moreover, in zero sum game, the gain of one player is always equal to the loss of the other player. On the other hand, non-zero sum game are the games in which sum of the outcomes of all the players is not zero. A non-zero sum game can be transformed to zero sum game by adding one dummy player. The losses of dummy player are overridden by the net earnings of players.
Examples of zero sum games are chess and gambling. In these games, the gain of one player results in the loss of the other player. However, cooperative games are the example of non-zero games. This is because in cooperative games, either every player wins or loses. Misinformation Contains misleading or false information. Offensive Contains abusive or derogatory content. Suspicious Contains spam, fake content or potential malware.
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