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Game theory - Test
Opracowany przez: Haynes
  • 1. Which branch of economic theory specifically analyzes multi-agent interactions?
A) Decision theory
B) Mechanism design theory
C) General equilibrium theory
D) Game theory
  • 2. What is the primary focus of decision theory?
A) Rule creation
B) Single-player scenarios
C) Multi-agent interactions
D) Macroeconomic trade
  • 3. How does mechanism design theory differ from game theory?
A) It ignores individual preferences
B) It only addresses single-player scenarios
C) It focuses on the consequences of different rules
D) It avoids incentive modeling
  • 4. What is a 'metagame' in the context of game theory and mechanism design?
A) A game played by a single agent
B) A game with no defined rules
C) A game that aims to develop rules for a subject game
D) A purely descriptive econometric model
  • 5. What subject is explicitly listed as a focus area within mechanism design?
A) Historical data trends
B) Auctions
C) Static environmental constraints
D) Single-objective optimization
  • 6. What is the main concern of general equilibrium economists?
A) Individual agent belief formation
B) Macroeconomic issues of trade and production
C) Metagame analysis
D) Single-player preference formation
  • 7. What does DSGE stand for?
A) Decision-based strategic game evaluation
B) Dynamic stochastic general equilibrium
C) Dual-system game environment
D) Direct simulation of general equilibrium
  • 8. How does game theory differ from traditional econometric models?
A) It focuses on static environments
B) It is purely descriptive
C) It relies solely on historical data
D) It accounts for strategic interactions
  • 9. Which methodology is often used to replicate market dynamics through reward-punishment mechanisms?
A) Static optimization algorithms
B) Decision analysis
C) Traditional econometrics
D) Agent-based modeling
  • 10. What limitation do optimization algorithms have according to the text?
A) They focus on multiple stakeholders
B) They are too dynamic
C) They assume static environments
D) They analyze strategic interactions
  • 11. What is the primary field of study of game theory?
A) Theoretical physics
B) Pure chemistry
C) Applied mathematics
D) Organic biology
  • 12. What is the acronym used by Eric Rasmusen to describe the four essential elements of a game?
A) STRAT
B) PLAY
C) GAMES
D) PAPI
  • 13. Which mathematical theorem did John von Neumann use to build the foundations of game theory?
A) Brouwer fixed-point theorem
B) Fundamental theorem of calculus
C) Bayes' theorem
D) Pythagorean theorem
  • 14. In which year did John Nash, John Harsanyi, and Reinhard Selten win the Nobel Prize in economics?
A) 1944
B) 1994
C) 2005
D) 2012
  • 15. What is the term for the value a player receives for a strategy?
A) Payoff
B) Revenue
C) Profit
D) Utility outcome
  • 16. Which of the following is NOT an element of PAPI?
A) The environment
B) The information
C) The choices
D) The players
  • 17. Game theory has been applied to help understand which type of behavior in philosophy?
A) Biological behavior
B) Deviant behavior
C) Ethical or normative behavior
D) Irrational behavior
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