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Move by nature

From Wikipedia - Reading time: 5 min

A signaling game which begins with a move by nature.

In game theory a move by nature is a decision or move in an extensive form game made by a player who has no strategic interests in the outcome. The effect is to add a player, "Nature", whose practical role is to act as a random number generator. For instance, if a game of Poker requires a dealer to choose which cards a player is dealt, the dealer plays the role of the nature player.

Moves by nature are an integral part of games of incomplete information.

See also

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References

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  • Fudenberg, Drew; Tirole, Jean (1995). Game Theory. MIT Press. pp. 336–337. ISBN 0-262-06141-4.

Licensed under CC BY-SA 3.0 | Source: https://en.wikipedia.org/wiki/Move_by_nature
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