A way to summarize the actions and payoffs of a sequential game is to use a:
A) decision matrix.
B) decision tree.
C) payoff tree.
D) flowchart.

Question

Quizplus · Accepted Answer

A decision tree is a graphical representation of a sequential game that shows the possible actions and payoffs at each decision point, making it the best choice for summarizing the actions and payoffs of a sequential game. A decision matrix is typically used for simultaneous games, a payoff tree is not a commonly used term, and a flowchart may not adequately capture the sequential nature of the game.

A Way to Summarize the Actions and Payoffs of a Sequential