What is Extensive Form Game

The extensive form is a specification of a game allowing explicit representation of a number of important aspects, like the sequencing of players' possible moves, their choices at every decision point, the (possibly imperfect) information each player has about the other player's moves when he makes a decision, and his payoffs for all possible game outcomes. Extensive form games also allow representation of incomplete information in the form of chance events encoded as “moves by nature.”

Game Theoretical Models in New Product Development

Zhijian Cui (IE Business School, Spain) and Marc-Elliott Finkelstein (IE Business School, Spain)