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In economics and game theory, complete information is an economic situation or game in which knowledge about other market participants or players is available to all participants. Complete information and incomplete information are terms widely used in economics, especially game theory and behavioural economics.In a game of complete information all players' are perfectly informed of all other players payoffs for all possible action profiles. Complete information is the concept that each player in the game is aware of the sequence, strategies, and payoffs throughout gameplay. Complete information in game theory means each player fully knows the strategies of another. This is a term used to describe a situation in which knowledge about other market participants or players is available to all participants. Complete information means that NIFA has sufficient information in order to render a decision. By KEN HENDRICKS, ANDREW WEISS, AND CHARLES WILSON'. 1. INTRODUCTION. By Patrick Bajari, Han Hong, and Stephen P. Ryan1. Dynamic games with complete information .