A dynamic game is a game
A)in which the players are highly animated.
B)that is sequential or repeated.
C)where the payoffs change frequently.
D)that has actions instead of strategies.

Question

Quizplus · Accepted Answer

A dynamic game is a game that is sequential or repeated, meaning that players take turns making decisions, and the outcome of each decision affects the choices available in subsequent rounds of the game. Therefore, choice B correctly describes a dynamic game. Choice A is incorrect because whether the players are highly animated or not does not affect whether a game is dynamic or not. Choice C is incorrect because while payoffs can change in a dynamic game, this is not a defining characteristic. Choice D is incorrect because actions are a type of strategy, and dynamic games involve strategic decision-making.

A Dynamic Game Is a Game