This quiz works best with JavaScript enabled. Home > Finance > Economics > Microeconomics > Game Theory > Game Theory – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Game Theory Quiz 9 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The predictability of the prisoner's choices made in the Prisoner's Dilemma is largely due to ..... A) The limitation of only two people with competing interests. B) Prisoners not knowing all of their options. C) Each prisoner knowing what the other will do. D) The prisoners not having lawyers. Show Answer Correct Answer: A) The limitation of only two people with competing interests. 2. ..... means that players do not have exact insight to their opponent's actions or options. A) Symmetry. B) Perfect knowledge. C) Zero-sum. D) Imperfect knowledge. Show Answer Correct Answer: D) Imperfect knowledge. 3. Real life simulation games such as SimCity are typically designed as ..... games. A) Zero-sum. B) Non-zero-sum. C) Perfect knowledge. D) Competitive. Show Answer Correct Answer: B) Non-zero-sum. 4. Blind Search (uninformed search)can be used for which of the following situations? A) Real life simulations. B) Small search space. C) Advanced game theory. D) None of the above. Show Answer Correct Answer: B) Small search space. 5. An activity between 2 or more persons involving activities by each person, according to a set of rules is called as A) Assignment. B) Game. C) Transportation. D) Sequencing. Show Answer Correct Answer: B) Game. 6. Results that display some information related to decision making options in game theory are called..... A) Players. B) Payoffs. C) Dominant strategies. D) Rules. Show Answer Correct Answer: B) Payoffs. 7. In a video game-what a player can do and when they can do them-are defined as A) Strategies. B) Actions. C) Knowledge. D) Payoff. Show Answer Correct Answer: B) Actions. 8. ..... games demonstrate strong non-zero sum game design principles. A) Pinball. B) First person shooters. C) Pen and paper role playing. D) Sports. Show Answer Correct Answer: C) Pen and paper role playing. 9. Which one of the following options describes an OUTCOME of the game? A) BHG departmental store stands to gain 12% more in sales revenue. B) Metro departmental store decides to offer a storewide Christmas sale. C) Both stores decided to offer storewide Christmas sales after having considered each of their expected revenue gains and/or losses. . D) None of above. Show Answer Correct Answer: C) Both stores decided to offer storewide Christmas sales after having considered each of their expected revenue gains and/or losses. . 10. Consider the following cooperative game:N = {1, 2, 3} and v({1}) = 2, v({2}) = 4, v({3}) = 6v({1, 2}) =6, v({1, 3}) = 8, v({2, 3}) = 12v({1, 2, 3}) = 14What is the Shapley value? A) (3, 4, 6). B) (4, 5, 7). C) (2, 4, 9). D) (2, 5, 7). Show Answer Correct Answer: D) (2, 5, 7). 11. In a two-player game, what are the key components? A) Rules and luck. B) Players, strategies, and payoffs. C) Points and goals. D) Cards and dice. Show Answer Correct Answer: B) Players, strategies, and payoffs. 12. Game theory looks to predict ..... behavior using mathematical models A) Animal. B) Artificial intelligence. C) Human. D) Computer. Show Answer Correct Answer: C) Human. 13. What is a defining characteristic of an Oligopoly? A) Great Usage of Non-Price Competition. B) Mutual Interdependence. C) Only one provider. D) Many Firms Competing For Business. Show Answer Correct Answer: B) Mutual Interdependence. 14. According to behaviourists, what has a huge influence on the character of individuals even into adulthood? A) Heredity. B) Individual uniqueness. C) Early childhood years. D) Animal experiments. Show Answer Correct Answer: C) Early childhood years. 15. What did later theorists conclude about child-rearing methods? A) Every child is unique and methods should be tailored to meet individual needs. B) Strict child-rearing methods are always effective. C) Permissive child-rearing methods are always effective. D) Child-rearing methods have no influence on the character of individuals. Show Answer Correct Answer: A) Every child is unique and methods should be tailored to meet individual needs. 16. A subgame perfect equilibrium is a Nash equilibrium that A) Involves only credible threats. B) Consists only of dominant strategies. C) Is unique. D) Cannot persist through several periods. Show Answer Correct Answer: A) Involves only credible threats. 17. What is the Nash equilibrium in a game? (DOUBLE POINTS) A) A strategy where players collaborate. B) A stable strategy where no one benefits from changing. C) A point where all players lose. D) A point where one player dominates the game. Show Answer Correct Answer: B) A stable strategy where no one benefits from changing. 18. The twin non-confess strategy choice in the Prisoners' Dilemma can be described as A) Non-Pareto optimal and unstable. B) Pareto optimal and unstable. C) Non-Pareto optimal and stable. D) Pareto optimal and stable. Show Answer Correct Answer: B) Pareto optimal and unstable. 19. The actions of one company affects one another. A) Collusion. B) Interdependence. C) Perfect Competition. D) Imperfect competition. E) Game theory. Show Answer Correct Answer: B) Interdependence. 20. In the process of interaction in an organization, the role that functions as a technical regulator of all strategic directions is called..... A) Top Leader. B) Middle Management. C) Situation. D) Follower. Show Answer Correct Answer: B) Middle Management. 21. What is a noncooperative game? A) A game with a finite number of options. B) A game of total conflict where the combined wealth of the players remains constant. C) A game where players have completely opposed interests. D) A game where players may communicate, but cannot make binding agreements. Show Answer Correct Answer: D) A game where players may communicate, but cannot make binding agreements. 22. The situation when each player has found the maximum result based on the expectations of the actions taken by the other players is called..... A) Elasticity. B) Dominant. C) Win-win solution. D) Nash equilibrium. Show Answer Correct Answer: D) Nash equilibrium. 23. The position of such element in the pay off matrix, which is minimum in it's row & maximum in it's column is called A) Saddle point. B) Value of the game. C) Strategy. D) None. Show Answer Correct Answer: A) Saddle point. 24. What ethical concerns did the research team have when conducting the study? A) The confidentiality of individual results. B) The need to inform participants about the theory. C) The need for anonymity of results. D) The enjoyment people get from playing video games. Show Answer Correct Answer: C) The need for anonymity of results. 25. The balance equation associated with $n=0$ A) $\lambda_1P_1=\mu_0P_0$. B) $\lambda_1P_0=\mu_1P_1$. C) $\lambda_0P_0=\mu_0P_0$. D) $\lambda_0P_0=\mu_1P_1$. Show Answer Correct Answer: D) $\lambda_0P_0=\mu_1P_1$. 26. Assuming a pair of agents have a set of strategies, and they are worse off if they change is a A) Pareto. B) Nash equilibrium. C) Max-min. D) Dominant. Show Answer Correct Answer: B) Nash equilibrium. 27. Which of the following is true of every Nash equilibrium? A) It is also a dominant strategy equilibrium. B) Neither player wants to independently change their strategy. C) It is the only Nash equilibrium in the game. D) Neither player can gain from changing their strategy. E) Neither player gains more than the other. Show Answer Correct Answer: B) Neither player wants to independently change their strategy. 28. Real time strategy games are examples of ..... game play A) Turn based. B) Simultaneous. C) Action-oriented. D) Mixed strategy. Show Answer Correct Answer: B) Simultaneous. 29. The value of the game is denoted as A) G. B) U. C) V. D) None. Show Answer Correct Answer: C) V. 30. The strategy that will benefit the player the most. A) Dominant Strategy. B) Game theory. C) Strategy. D) Collusion. Show Answer Correct Answer: A) Dominant Strategy. ← PreviousNext →Related QuizzesMicroeconomics QuizzesEconomics QuizzesGame Theory Quiz 1Game Theory Quiz 2Game Theory Quiz 3Game Theory Quiz 4Game Theory Quiz 5Game Theory Quiz 6Game Theory Quiz 7Game Theory Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books