The Story of Game Theory

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

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

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

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

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

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

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

A) Guessing the opponent's next move.
B) Allowing the opponent to dictate the game.
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) Playing without considering previous moves.

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

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

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

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

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

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

8. What is a dominant strategy in game theory?

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

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

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

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