] Sequential-move Game vs. Simultaneous-move Game (150 Points)
Given the below examples of simultaneous and sequential game theory, prepare a 4-5 page paper giving an
example where you as a manager might use either theory in making a decision.
Simultaneous games:
A simultaneous game is one in which the players effectively make their decisions at the same time. They don’t
actually have to make their decisions at exactly the same time as long as each player doesn’t know the other
player’s choice when they choose their own strategy.
An example is the Prisoner’s Dilemma, where the two players have to decide their strategy without knowing
what the other player has chosen. Even though the police might not interview each of the prisoners at exactly
the same time they are still making their decision without knowing what the other player has chosen.
Sequential games:
A sequential game is one in which the players take alternate turns to make their choices.
An example is chess. When I am making my move I know what your last move was and can use that
information to determine my own strategy. It is important to know who is going to move first in a sequential
game as there may be a first-mover advantage or even a first-mover disadvantage.
Reference chapters 15 & 16 of attached text.
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