## Game Theory 2 – chap04. Normal-form games, basic concepts

Of the three elements of a normal form game, we’ll look at strategy, and how to choose a strategy that maximizes the expected payoff under a given belief.

Analyze the four elements of a normal form game, consider the payoff function, and work through an example. We will also learn about mixed strategies, which represent probability distributions over the strategy space.

Learn about interactive knowledge among the classifications of game theory, and the difference between common knowledge and public knowledge.

Learn what game theory is and how to use it to make decisions based on complete/incomplete information and simultaneous/sequential players.