Questions & Answers
Browse all 20 questions from the
Fundamentals of Game Theory study set below.
Each question shows the correct answer — select a study format above to practice interactively.
1
What is the primary study focus of Game Theory?
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A
The history of video games
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B
Strategic decision-making
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C
The physics of dice rolls
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D
Probability in card games
2
In a 'Zero-Sum Game', what is true about the total gains and losses?
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A
The total equals zero
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B
The total is always positive
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C
The total is always negative
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D
One person gains without another losing
3
Who is credited with being a founding father of Game Theory?
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A
Isaac Newton
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B
John von Neumann
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C
Albert Einstein
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D
Charles Darwin
4
What term describes a player's plan of action that determines their move in any situation?
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A
A guess
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B
A strategy
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C
A reaction
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D
A gamble
5
In Game Theory, what are the participants involved in a strategic interaction called?
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A
Spectators
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B
Players
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C
Referees
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D
Coaches
6
Which classic dilemma demonstrates why two rational individuals might not cooperate?
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A
The Monty Hall Problem
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B
The Prisoner's Dilemma
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C
The Birthday Paradox
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D
The Knight's Tour
7
What represents the 'outcome' or numerical result of a game for a player?
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A
A payoff
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B
A forfeit
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C
A penalty
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D
A jackpot
8
If a game has 'perfect information', what do players know?
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A
Nothing about other players
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B
Everything about the state of the game
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C
Only their own moves
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D
The final result before starting
9
What is a 'Nash Equilibrium'?
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A
A state where no player benefits by changing their strategy
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B
A game where everyone wins
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C
A game where everyone loses
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D
A rule that makes a game fair
10
In a non-cooperative game, how do players make their decisions?
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A
By forming alliances
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B
Independently
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C
By flipping a coin
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D
By asking an opponent
11
Which of these is typically considered a 'sequential game'?
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A
Chess
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B
Rock Paper Scissors
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C
Poker
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D
Rolling dice
12
What do we call a game where players can form binding agreements?
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A
Cooperative game
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B
Unfair game
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C
Random game
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D
Solo game
13
In the context of Game Theory, what is a 'move'?
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A
Changing your seat
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B
A decision made by a player
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C
A physical exercise
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D
The speed of a game
14
Which field of study often uses Game Theory to model market competition?
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A
Economics
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B
Biology
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C
Geology
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D
Chemistry
15
What is a 'dominant strategy' in a game?
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A
A strategy that is always best regardless of what others do
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B
A strategy that is chosen randomly
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C
A strategy that always leads to a loss
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D
A strategy that requires a team
16
What does 'rationality' imply in Game Theory?
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A
Players always act in their own best interest
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B
Players are always kind
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C
Players always lose
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D
Players never think about the future
17
What type of game is Rock Paper Scissors, where one player's gain is the other's loss?
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A
Zero-sum
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B
Non-zero-sum
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C
Cooperative
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D
Infinite
18
What are the 'rules' of a game in Game Theory?
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A
Guidelines that define the options and payoffs
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B
Suggestions for how to play
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C
Optional tips for winning
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D
The physical equipment needed
19
Which game is a common example of 'simultaneous' decision-making?
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A
Chess
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B
Tic-Tac-Toe
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C
Rock Paper Scissors
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D
Checkers
20
What does a 'payoff matrix' display in a game?
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A
The history of the game
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B
All possible outcomes for players
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C
The equipment list
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D
The player rankings
