Abstract: The basic theory of strategic and extensive games is described. Strategic game, Bayesian games, extensive games with perfect information, and extensive games with imperfect information are defined and explained. Among the solution concepts discussed are Nash equilibrium, correlated equilibrium, rationalizability, subgame perfect equilibrium, and weak sequential equilibrium.
Keywords: Strategic games, Bayesian games, extensive games, Nash equilibrium, correlated equilibrium, subgame perfect equilibrium, sequential equilibrium
JEL Classification: C7