Game Theory Quiz Test your knowledge of game theory with these 10 challenging questions! delya90 published on January 120 responses 0 « Previous Next » Questions in vertical order 1/10 Which of the following is not a key concept in game theory? Nash equilibrium Prisoner's dilemma Dominant strategy Supply and demand 2/10 What is the main objective of game theory? To analyze the behavior of rational individuals To determine optimal business strategies To maximize utility in decision making To study market equilibrium 3/10 In game theory, a zero-sum game refers to a scenario where: The total payoffs of all players sum to zero There are zero players involved in the game One player's gain is equal to another player's loss All players have an equal chance of winning 4/10 Which of the following is a non-cooperative game theory solution concept? Pareto efficiency Stackelberg equilibrium Cournot equilibrium Nash equilibrium 5/10 What is the minimum number of players required for a game to be classified as a non-trivial game in game theory? 1 2 3 4 6/10 Which Nobel laureate is known for their work in game theory? Adam Smith John Nash Milton Friedman Amartya Sen 7/10 In a simultaneous game, players make decisions: Sequentially, one after another Based on random chance At the same time, without knowing the decisions of others In a cooperative manner 8/10 What does the 'Nash equilibrium' represent in game theory? A situation where a player has the dominant strategy A situation where strategic choices result in the best possible outcome for each player A situation where all players agree on a single solution A situation where no player has an incentive to deviate from their current strategy 9/10 Which of the following is an example of a cooperative game? Chess Football Tragedy of the commons The prisoner's dilemma 10/10 What is the main assumption about player behavior in game theory? Players always act selfishly Players have perfect information Players have unlimited resources Players always cooperate with each other
