An extensive form game is a model in game theory that represents strategic interactions between players over a sequence of moves, depicted as a decision tree. It illustrates the order of players’ actions, the information available to them at each decision point, and the resulting payoffs. This representation allows for the analysis of sequential decision-making and strategic planning.
Context
In the design and analysis of blockchain protocols and decentralized autonomous organizations, extensive form games are applied to understand the strategic behaviors of network participants, such as validators, miners, or token holders. This analytical tool helps predict potential attack vectors and design incentive mechanisms that align individual actions with collective network security and efficiency. Its application is key to building robust and sybil-resistant decentralized systems.
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