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Types of games(2 In dynamic games we can distinguish between games of perfect information, where all players know the entire history of the game when it is their turn to move, and games of imperfect information in which at least some players have only a partial idea of the history of the game When it is their turn to move In a game of complete information, players know not only their own payoffs, but also the payoffs of all the other players. In a game of incomplete information, players know their own payoffs but there are some players who do not know the payoffs of some of the other players We can distinguish between 4 types of games: (a)static games of complete information; (b )dynamic games of complete information; (c) static games of incomplete information; (d )dynamic games of incomplete informationTypes of games(2) • In dynamic games we can distinguish between games of perfect information, where all players know the entire history of the game when it is their turn to move, and games of imperfect information in which at least some players have only a partial idea of the history of the game when it is their turn to move. • In a game of complete information, players know not only their own payoffs, but also the payoffs of all the other players. In a game of incomplete information, players know their own payoffs, but there are some players who do not know the payoffs of some of the other players. • We can distinguish between 4 types of games: (a) static games of complete information; (b) dynamic games of complete information; (c) static games of incomplete information; (d) dynamic games of incomplete information
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