This quiz works best with JavaScript enabled. Home > Economics > Microeconomics > Game Theory > Game Theory – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Game Theory Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Using the payoff matrix, if both companies choose to advertise what would each companies profit margin be? A) £1m. B) £5m. C) £3M. D) None of above. Show Answer Correct Answer: C) £3M. 2. Since each player prefers Steal-Split, both will end up choosing: A) Split-Split. B) Split-Steal. C) Steal-Split. D) Steal-Steal. Show Answer Correct Answer: D) Steal-Steal. 3. Game theory is a useful model to explain the behavior of firms in a market when the firms are A) Independent of one another. B) Price takers. C) Regulated by government. D) Altruistic. E) Interdependent. Show Answer Correct Answer: E) Interdependent. 4. Tianjin A) Tianjin. B) Hohhot. C) Urumyai. D) Yinchuan. Show Answer Correct Answer: A) Tianjin. 5. According to learning theorists, how can society influence human personalities? A) By providing clear and consistent expectations for good behavior. B) By providing swift but fair consequences for bad behavior. C) By controlling the way humans learn behavior. D) All of the above. Show Answer Correct Answer: C) By controlling the way humans learn behavior. 6. Can there be cooperation in non-cooperative game theory? A) Yes. B) No. Show Answer Correct Answer: A) Yes. 7. Game Theory is not game design A) True. B) False. Show Answer Correct Answer: A) True. 8. When will the game reach equilibrium? A) When there are 2 players. B) When no one loses or no one wins in the game. C) When it's fair game. D) When both players have a common decision point (Minimax = Maximin). Show Answer Correct Answer: D) When both players have a common decision point (Minimax = Maximin). 9. Good game design will ensure each player has a balance of ..... available to them. A) Hit points and experience points. B) Goals and strategies. C) Controller reactions and rewards. D) Goals and rewards. Show Answer Correct Answer: B) Goals and strategies. 10. This game is a dilemma because A) Pursuing individual goals leads to the worst outcome. B) People prefer competing over collaborating. C) People are motivated by their self-interest. D) People don't communicate well. Show Answer Correct Answer: A) Pursuing individual goals leads to the worst outcome. 11. Rock-paper-scissors is a very simple example of a ..... game. A) Asymmetric. B) Turn-based. C) Simultaneous. D) Cooperative. Show Answer Correct Answer: C) Simultaneous. 12. A game can be formally defined as a kind of search problem with the following components. A) Initial State. B) Successor Function. C) Terminal Test. D) All of the mentioned. Show Answer Correct Answer: D) All of the mentioned. 13. What is the dictator game? A) A game where Player A decides how to split a cash prize with Player B. B) A game where Player A decides how to split a cash prize with Player B, who can accept or reject the amount. C) A game where Player A decides how to split a cash prize with Player B, who has no input into the decision. D) A game where Player A decides how to split a cash prize with Player B, who can propose a different split. Show Answer Correct Answer: C) A game where Player A decides how to split a cash prize with Player B, who has no input into the decision. 14. Which of the following is a zero-sum game? A) Prisoners' dilemma. B) Chess. C) A cartel member's decision regarding whether or not to cheat. D) All of the above. E) None of the above. Show Answer Correct Answer: B) Chess. 15. Game Theory is the science of strategy A) True. B) False. Show Answer Correct Answer: A) True. 16. What is the type of game where all players make a move at the same time? A) Perfect Information. B) Simultaneous Game. C) Sequential Game. D) Imperfect Information. Show Answer Correct Answer: B) Simultaneous Game. 17. What is the belief of psychoanalysts regarding criminal behavior? A) It is caused by frustration stemming from early childhood experiences. B) It is a result of unconscious memories. C) It can be treated successfully using dream analysis. D) It has no connection to the unconscious mind. Show Answer Correct Answer: A) It is caused by frustration stemming from early childhood experiences. 18. Which of the following is a non zero-sum game? A) Prisoners' dilemma. B) Chess. C) Poker. D) None of above. Show Answer Correct Answer: A) Prisoners' dilemma. 19. A Nash equilibrium that is found by backward induction on a game tree is called ..... A) An information set. B) Rationalizable. C) Subgame perfect. D) Complete. Show Answer Correct Answer: C) Subgame perfect. 20. Which is equivalent to a zero-sum game? A) The game of chicken. B) A constant-sum game. C) A prisoner's dilemma. D) An assurance game. Show Answer Correct Answer: B) A constant-sum game. ← PreviousNext →Related QuizzesMicroeconomics QuizzesEconomics QuizzesGame Theory Quiz 1Game Theory Quiz 2Game Theory Quiz 3Game Theory Quiz 4Game Theory Quiz 5Game Theory Quiz 7Game Theory Quiz 8Game Theory Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books