Game Theory from my slides

QuizÂ by Peg A-R

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10 questions

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- Q1What is the key concept in Game Theory that deals with strategies and outcomes?Nash equilibriumTheory of RelativityPrisoner's DilemmaLaw of Supply and Demand30s
- Q2In Game Theory, what is the name for a situation where two players choose their actions without knowing the other player's choice?Sequential gameCooperative gameStrategic gameSimultaneous game30s
- Q3What is the objective in Game Theory when players cooperate to achieve a mutually beneficial outcome?Simultaneous gameZero-sum gameCooperative gameSequential game30s
- Q4What is the term used to describe a game in which one player's gain is equal to the other player's loss?Iterated gameSimultaneous gameZero-sum gameCooperative game30s
- Q5What 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 gamePrisoner's DilemmaZero-sum gameNash equilibrium30s
- Q6What 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 gameCooperative gameSequential gameSimultaneous game30s
- Q7Which term is used to describe a stable outcome in Game Theory where no player can benefit by changing their strategy unilaterally?Nash equilibriumCooperative gameSimultaneous gameSequential game30s
- Q8In Game Theory, what is the term used to describe a player's best strategy regardless of the strategies chosen by other players?Dominant strategyNash equilibriumCooperative gameMixed strategy30s
- Q9What 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 gameSimultaneous gameZero-sum gameStrategic game30s
- Q10Which term is used to describe a situation in Game Theory where players are aware of all available options and the potential outcomes?Incomplete informationDominant strategySequential gameComplete information30s