A strategic form game, also known as a normal form game, is a representation of a game that summarizes the players, their available strategies, and the payoffs they receive for each strategy combination. It is used in game theory to analyze situations where players make decisions simultaneously, without knowledge of the other players' choices.

Strategic Form Game

strategic form game

normal form game

representation of a game

available strategies

payoffs

strategy combination

Game theory is a mathematical framework used for analyzing strategic interactions where the outcome for each participant depends on the actions of all involved. It provides insights into competitive and cooperative behaviors in economics, politics, and beyond, helping to predict and explain decision-making processes in complex scenarios.

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