Which one is correct (a) or (b). If one of them is strategy profile then what is the other called. Which is the standard book to follow for such terminology
(a) Some textbooks describe strategy profile as: A list describing the strategies that each player selects, s = (s1, s2, ..., sN ).For example, in a two-player game between two firms (A and B), a strategy profile could be s = (12, 8) where sA = 12 denotes firm A’s output level while sB = 8 represents firm B’s output.
(b) Other textbooks define it as cartesian product Mathematically, the set of strategy profiles are defined as S = S1 × S2 × . . . × Sn ie if S1={12,8} and S2={1,10} then S= {(12,1),(12,10),(8,1),(8,10)}.
either s is strategy profile, if so what is S called
or S is strategy profile, if so what is s called
