Static (or simultaneous-move) games of incomplete information a Payoffs are no longer common knowledge Incomplete information means that At least one player is uncertain about some other player's payoff function( type) a Static games of incomplete information are also called static Bayesian gamesStatic (or simultaneous-move) games of INCOMPLETE information ◼ Payoffs are no longer common knowledge ◼ Incomplete information means that ➢ At least one player is uncertain about some other player’s payoff function (type) ◼ Static games of incomplete information are also called static Bayesian games 5