Extensive Form Games

Extensive form games are a way to represent decision-making situations where players take turns making moves, with each choice affecting future options and outcomes. They are often illustrated as diagrams or trees, showing each decision point, possible choices, and resulting payoffs. This format helps analyze strategic interactions over time, considering how players anticipate others’ actions. It is commonly used in economics, political science, and game theory to understand complex, sequential decisions and to identify optimal strategies considering different possible scenarios.