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Game Theory from my slides

Quiz by Peg A-R

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10 questions
Show answers
  • Q1
    What is the key concept in Game Theory that deals with strategies and outcomes?
    Nash equilibrium
    Theory of Relativity
    Prisoner's Dilemma
    Law of Supply and Demand
    30s
  • Q2
    In Game Theory, what is the name for a situation where two players choose their actions without knowing the other player's choice?
    Sequential game
    Cooperative game
    Strategic game
    Simultaneous game
    30s
  • Q3
    What is the objective in Game Theory when players cooperate to achieve a mutually beneficial outcome?
    Simultaneous game
    Zero-sum game
    Cooperative game
    Sequential game
    30s
  • Q4
    What is the term used to describe a game in which one player's gain is equal to the other player's loss?
    Iterated game
    Simultaneous game
    Zero-sum game
    Cooperative game
    30s
  • Q5
    What is the term used to describe a situation in Game Theory where two players could both benefit from cooperating, but they fail to do so due to distrust or fear of being taken advantage of?
    Cooperative game
    Prisoner's Dilemma
    Zero-sum game
    Nash equilibrium
    30s
  • Q6
    What is the term used to describe a situation in Game Theory where each player's choice depends on the past actions of the other player?
    Strategic game
    Cooperative game
    Sequential game
    Simultaneous game
    30s
  • Q7
    Which term is used to describe a stable outcome in Game Theory where no player can benefit by changing their strategy unilaterally?
    Nash equilibrium
    Cooperative game
    Simultaneous game
    Sequential game
    30s
  • Q8
    In Game Theory, what is the term used to describe a player's best strategy regardless of the strategies chosen by other players?
    Dominant strategy
    Nash equilibrium
    Cooperative game
    Mixed strategy
    30s
  • Q9
    What is the term used to describe a situation in Game Theory where each player's payoff depends not only on their own strategy, but also on the strategies chosen by other players?
    Sequential game
    Simultaneous game
    Zero-sum game
    Strategic game
    30s
  • Q10
    Which term is used to describe a situation in Game Theory where players are aware of all available options and the potential outcomes?
    Incomplete information
    Dominant strategy
    Sequential game
    Complete information
    30s

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