Questions & Answers
Browse all 20 questions from the
Game Theory Basics study set below.
Each question shows the correct answer — select a study format above to practice interactively.
1
Who is often considered the 'father of game theory' for his work on the minimax theorem?
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A
John von Neumann
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B
Alan Turing
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C
Isaac Newton
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D
Albert Einstein
2
In game theory, what is the term for a situation where no player can benefit by changing their strategy while others keep theirs unchanged?
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A
Zero-sum equilibrium
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B
Nash equilibrium
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C
Pareto efficiency
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D
Prisoner's dilemma
3
A game where one person's gain is exactly balanced by the losses of other participants is known as what?
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A
Cooperative game
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B
Zero-sum game
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C
Sequential game
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D
Perfect information game
4
Which famous scenario illustrates why two rational individuals might not cooperate, even if it appears that it is in their best interest to do so?
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A
The Tragedy of the Commons
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B
The Prisoner's Dilemma
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C
The Monty Hall Problem
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D
The Birthday Paradox
5
What type of game involves players making moves one after another, rather than simultaneously?
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A
Sequential game
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B
Simultaneous game
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C
Random game
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D
Static game
6
Which mathematician and Nobel laureate was the subject of the film 'A Beautiful Mind'?
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A
John Nash
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B
John von Neumann
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C
Ken Binmore
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D
Robert Aumann
7
What is a 'dominant strategy' in game theory?
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A
A strategy that only works in large groups
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B
A strategy that provides the best outcome regardless of the opponent's choice
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C
A strategy that requires cheating to win
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D
A strategy that is only used by the leader
8
In game theory, 'perfect information' means that players are aware of what?
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A
The future of the stock market
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B
All previous moves made by all players
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C
The personality of their opponents
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D
The final score of the game before starting
9
What does the 'payoff' represent in a game theory model?
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A
The cost of playing the game
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B
The amount of time spent playing
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C
The outcome or reward a player receives
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D
The number of players involved
10
Which branch of mathematics is game theory most closely associated with?
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A
Geometry
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B
Calculus
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C
Probability and statistics
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D
Trigonometry
11
In a 'cooperative game,' players are able to do what?
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A
Form alliances and make binding agreements
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B
Only play against computers
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C
Hide their moves from the referee
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D
Change the rules mid-game
12
The study of games where players have multiple turns and the game progresses over time is called what?
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A
Repeated games
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B
Instant games
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C
Solitary games
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D
Finite games
13
What is a 'normal form' representation of a game often displayed as?
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A
A circular graph
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B
A grid or matrix
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C
A narrative paragraph
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D
A three-dimensional sculpture
14
In game theory, what is the 'strategy set'?
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A
The list of all possible actions available to a player
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B
The clothes players wear during a game
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C
The specific sequence of winners
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D
The budget set aside for the game
15
Which of these is a real-world field where game theory is commonly applied?
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A
Astronomy
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B
Economics
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C
Geology
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D
Zoology
16
What is the main goal of a player in a competitive game theory model?
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A
To maximize their own payoff
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B
To ensure the game lasts as long as possible
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C
To eliminate all opponents physically
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D
To make the game fair for everyone
17
In the context of game theory, what is a 'player'?
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A
An actor in a movie
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B
A decision-maker within a game
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C
A person who plays sports
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D
A mechanical device
18
What describes a 'non-zero-sum' game?
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A
The total outcome is zero
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B
The total outcome can be positive or negative for all players
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C
Players cannot talk to each other
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D
The game has no clear winner
19
Which concept describes the total resources available to be shared among players at the end of a game?
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A
The pie
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B
The bank
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C
The treasury
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D
The dividend
20
Game theory is primarily used to analyze what type of human behavior?
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A
Spontaneous emotional outbursts
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B
Strategic decision-making
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C
Reflexive physical movements
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D
Random memory recall
