This quiz works best with JavaScript enabled. Home > Finance > Economics > Microeconomics > Game Theory > Game Theory – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Game Theory Quiz 4 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is a nonzero-sum game? A) Prisoners' dilemma. B) Chess. C) Competition among duo-polists when market share is the payoff. D) All of the above. E) None of the above. Show Answer Correct Answer: A) Prisoners' dilemma. 2. Video Game ..... are elements of game theory A) Demographics. B) Mechanics. C) Studios. D) Genres. Show Answer Correct Answer: B) Mechanics. 3. A common assumption about the players in a game is that A) Neither player knows the payoff matrix. B) Only one of the players pursues a rational strategy. C) The specific identity of the players is irrelevant to the play of the game. D) The players have different information about the payoff matrix. Show Answer Correct Answer: C) The specific identity of the players is irrelevant to the play of the game. 4. Which of the following is not an example of imperfect information, but rather incomplete information? A) A player's payoffs are unknown to the other player. B) A player's strategy choice is unknown to the other player. C) The game involves chance. D) None of above. Show Answer Correct Answer: A) A player's payoffs are unknown to the other player. 5. The primary goal of a cartel is to A) Increase demand to increase member profits. B) Increase market concentration. C) Decrease market concentration. D) Decrease supply to increase member profits. Show Answer Correct Answer: D) Decrease supply to increase member profits. 6. Which psychologists believed that the unconscious mind can be unlocked through dream analysis and hypnosis? A) Alfred Adler and Carl Jung. B) John B. Watson and Benjamin Spock. C) Sigmund Freud and Carl Jung. D) John B. Watson and Alfred Adler. Show Answer Correct Answer: C) Sigmund Freud and Carl Jung. 7. There are 4 jacks in a standard deck of 52 playing cards. If Peyton selects a card at random, what is the probability that it will be a jack? A) 12/13. B) 1/13. C) 1/52. D) 1/2. Show Answer Correct Answer: B) 1/13. 8. A game with two players where gain of one player is equal to loss of other player iscalled as A) Two person judgmental game. B) Zero gain game. C) Multi person zero sum game. D) Two person zero sum game. Show Answer Correct Answer: D) Two person zero sum game. 9. 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. 10. Since each player prefers Steal-Split, both will end up choosing: A) Steal-Steal. B) Split-Steal. C) Split-Split. D) Steal-Split. Show Answer Correct Answer: A) Steal-Steal. 11. 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) Regulated by government. C) Altruistic. D) Interdependent. E) Price takers. Show Answer Correct Answer: D) Interdependent. 12. 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. 13. Can there be cooperation in non-cooperative game theory? A) No. B) Yes. Show Answer Correct Answer: B) Yes. 14. Game Theory is not game design A) True. B) False. Show Answer Correct Answer: A) True. 15. 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). 16. 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. 17. This game is a dilemma because A) Pursuing individual goals leads to the worst outcome. B) People don't communicate well. C) People prefer competing over collaborating. D) People are motivated by their self-interest. Show Answer Correct Answer: A) Pursuing individual goals leads to the worst outcome. 18. Rock-paper-scissors is a very simple example of a ..... game. A) Asymmetric. B) Simultaneous. C) Cooperative. D) Turn-based. Show Answer Correct Answer: B) Simultaneous. 19. 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. 20. 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 propose a different split. 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 accept or reject the amount. 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. 21. 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. 22. Game Theory is the science of strategy A) True. B) False. Show Answer Correct Answer: A) True. 23. What is the type of game where all players make a move at the same time? A) Perfect Information. B) Sequential Game. C) Imperfect Information. D) Simultaneous Game. Show Answer Correct Answer: D) Simultaneous Game. 24. What is the belief of psychoanalysts regarding criminal behavior? A) It is a result of unconscious memories. B) It is caused by frustration stemming from early childhood experiences. C) It has no connection to the unconscious mind. D) It can be treated successfully using dream analysis. Show Answer Correct Answer: B) It is caused by frustration stemming from early childhood experiences. 25. 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. 26. A Nash equilibrium that is found by backward induction on a game tree is called ..... A) Rationalizable. B) Complete. C) Subgame perfect. D) An information set. Show Answer Correct Answer: C) Subgame perfect. 27. Which is equivalent to a zero-sum game? A) An assurance game. B) A prisoner's dilemma. C) The game of chicken. D) A constant-sum game. Show Answer Correct Answer: D) A constant-sum game. 28. Game theory is..... A) Studies related to the theories used in a game are outlined in a model. B) Mathematical model that shows the relationship between fixed variables and the dependent variable. C) Study of rational behavioral interactions where there is interdependence between the strategies of each player. D) How to win a game in the most effective way possible and with minimal risk. Show Answer Correct Answer: C) Study of rational behavioral interactions where there is interdependence between the strategies of each player. 29. In Islam, the verse about leadership hierarchy which is the basic guide in the governance of a group of believers at both small and large levels is..... A) Cutting We Shall (4) Khas verses. B) QS Al-Mujadilah (58) verse 11. C) QS At-Taubah (9) verse 60. D) Story of the Night Journey (17) Verses 1. Show Answer Correct Answer: A) Cutting We Shall (4) Khas verses. 30. What method did Robert West use to communicate his research findings? A) Publishing a journal article. B) Presenting at academic conferences. C) Testing statistical probabilities. D) Getting feedback from psychologists. Show Answer Correct Answer: A) Publishing a journal article. ← PreviousNext →Related QuizzesMicroeconomics QuizzesEconomics QuizzesGame Theory Quiz 1Game Theory Quiz 2Game Theory Quiz 3Game Theory Quiz 5Game Theory Quiz 6Game Theory Quiz 7Game Theory Quiz 8Game Theory Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books