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An example of a sequential game is: A trade dispute where one country decides whether or not to levy tariffs and a second country decides whether or not to respond.
Explanation:
1. In a sequential game, players make decisions in a specific order, taking into account the actions of the previous players.
2. In the given example, the first country decides whether to impose tariffs. This decision influences the second country's response, creating a sequence of actions and reactions.
3. Each country's decision is based on what the other country has chosen, showing the sequential nature of the game.
Therefore, the trade dispute scenario fits the definition of a sequential game as it involves a sequence of decisions made by different players in response to each other's actions.
