Game Theory from my slides

QuizÂ by Peg A-R

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10 questions
• 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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