When the game is played on a predetermined course of action, which does not changethroughout the game, then the game is said to be
Question
When the game is played on a predetermined course of action, which does not changethroughout the game, then the game is said to be
Solution
When the game is played on a predetermined course of action that does not change throughout the game, it is said to be a static game. In static games, players make their decisions simultaneously without knowledge of the strategies chosen by others, leading to a situation where the outcome relies on the fixed strategies and preferences of each participant. Static games contrast with dynamic games, where players can make decisions over time and possibly react to the choices made by others. Understanding static games is crucial in game theory, especially when analyzing competitive situations where strategies are predetermined, such as in certain board games or strategic decision-making scenarios in economics.
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