The primary advantage of displaying a game in extensive form instead of strategic form is that extensive form allows one to display the order in which decisions are made; strategic form does not. analyze repeated games; strategic form does not. determine the existence of a Nash equilibrium; strategic form does not. determine whether credible threats are possible; strategic form does not.

Respuesta :

Answer:

The correct answer is letter "A": extensive form allows one to display the order in which decisions are made; strategic form does not.

Explanation:

The strategic form describes games using a matrix. It allows the player to analyze all the possible results of the game. The extensive form describes games using a tree scheme. This diagram tries to show that decisions are taken in order at specific points. This form is mainly used to describe sequential games.

ACCESS MORE