Game Theory Quiz

Who was the mathematician, physicist, and computer scientist interested in developing a mathematics of life through poker?

• John von Neumann

• Reinhard Selten

• Oskar Morgenstern

• John Nash

According to Forbes, what was John von Neumann's goal in being interested in poker?

• To develop a mathematics of life itself

• To write a book on game theory

• To become a better poker player

• To win a Nobel Prize

What are the three basic components of a game according to Yale economics professor Ben Polak?

• Players, strategies, and outcomes

• Participants, plans, and results

• Players, strategies, and payoffs

• Players, tactics, and rewards

In game theory, what are the actions that players take in a game called?

• Moves

• Outcomes

• Decisions

• Strategies

What is the concept of strategic interdependence in game theory?

• Players have perfect knowledge of the game

• Players' actions influence the actions of other players

• Players have no knowledge of the game

• Players can increase or decrease available resources

What is the limitation of Von Neumann's version of game theory?

• It focused on finding optimal strategies for a cooperative game

• It focused on finding optimal strategies for a simultaneous game

• It focused on finding optimal strategies for a zero-sum game

• It focused on finding optimal strategies for a non-zero-sum game

What is the classic example of a game often studied in game theory?

• The Prisoner's Dilemma

• The Birthday Paradox

• The Traveling Salesman Problem

• The Monty Hall Problem

What is the Nash equilibrium in the Prisoner's Dilemma?

• One player confesses and the other doesn't

• Both players don't confess

• Both players confess

• One player goes free and the other serves 5 years

What did John Nash receive the Nobel Memorial Prize in Economic Sciences for?

• His work in mathematics

• His work in game theory

• His work in computer science

• His work in physics

What did John Nash's breakthrough in game theory allow for?

• A more accurate analysis of non-cooperative games

• A deeper understanding of zero-sum games

• A wider range of applications and different scenarios to be studied

• A better understanding of simultaneous games