The Story of Game Theory

1. Who is considered the father of modern game theory?

A) John von Neumann
B) Galileo Galilei
C) Isaac Newton
D) Albert Einstein

2. In game theory, what is a Nash equilibrium?

A) A strategic move that always guarantees a win.
B) A game with no optimal strategies.
C) A situation where all players lose.
D) A stable state where no player has an incentive to change their strategy given the strategies of the other players.

3. What famous book introduced the concept of game theory to a wider audience?

A) 1984
B) The Lord of the Rings
C) The Theory of Games and Economic Behavior
D) Moby Dick

4. In game theory, what does 'backwards induction' refer to?

A) Playing without considering previous moves.
B) Guessing the opponent's next move.
C) A method of solving a game from the end to the beginning by determining the optimal strategy for the last player to move.
D) Allowing the opponent to dictate the game.

5. What is a dominant strategy in game theory?

A) A strategy that depends on the opponent's mood.
B) A strategy that requires luck to succeed.
C) A strategy that is rarely used.
D) A strategy that is always the best choice regardless of the strategies chosen by other players.

6. What concept in game theory involves one player's gaining only if another player loses?

A) Zero-sum game
B) Collusion
C) Thinking ahead
D) Random chance

7. What famous theorem is central to the study of cooperative game theory?

A) The Pythagorean theorem
B) Fermat's Last Theorem
C) The Fundamental Theorem of Algebra
D) The Shapley value

8. What is meant by the concept of 'utility' in game theory?

A) A measure of player skill.
B) A measure of time taken to make a decision.
C) A measure of preference or value assigned to outcomes in a game.
D) A measure of the game's complexity.

9. What is the 'stag hunt' game in game theory?

A) A game with no clear strategy.
B) A game played by hunting enthusiasts.
C) A game involving fictional animals.
D) A game that models the conflict between individual gain and group cooperation.

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