Unit II Game Theory

In Game theory the first player is always called as

• Minimizing Player
• Maximizing Player
• Both (A) and (B)
• None of the above

In Game Theory the Payoff matrix is always drawn from perspective of

• First Player
• Second Player
• Both (A) and (B)
• None of the above

In Game Theory Second player always plays to

• Maximize his Profit
• Minimize his Profit
• Maximize his loss
• Minimize his loss

The strategy that puts the player in the most preferred position irrespective of the strategy of his opponents is called as

• Pure strategy
• Mixed strategy
• Optimal Strategy
• None of the above

While using mixed strategies :

• The players must inform each other of the strategy they are going to use
• They must use the available strategies equally
• They must use only one strategy each
• They must use the available strategies according to proportions given by the solution and should ensure security and secracy of their strategy

In Game theory each participant playing a game is called as

• Opponent
• Enemy
• Player
• Rival

A saddle point is :

• Minimax value of rows and maximin value of columns
• Maximin value of rows and minimax value of columns
• The highest value in the payoff matrix
• The lowest value in the payoff matrix

The size of the payoff matrix in a game can be reduced by using principle of :

• game inversion
• rotation reduction
• dominance
• game transpose

When the maximin of first player is not equal to minimax of other player, then it is :

• Pure strategy problem
• Mixed strategy problem
• Both (A) and (B)
• None of the above

If the value of the game is zero, then the game is called as :

• biased game
• conflicting game
• Fair game
• negotiable game