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One key to emerging as a leader
Extensive Form
A representation of a game that shows the sequence of moves, their possible outcomes, and payoffs for each player.
Strategic Form
Strategic form, often referred to in game theory, is a representation of a game that summarizes the strategies and their respective payoffs for all players.
Credible Threats
A concept in game theory where a threat made by one party to another is believable and likely to be executed if conditions are not met.
Repeated Game
A strategic scenario where the same game (decision-making situation) is played multiple times, allowing for strategy revisions based on past outcomes.
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