The Story of Game Theory

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

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

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

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

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

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

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

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

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

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

6. What is a dominant strategy in game theory?

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

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

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

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

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

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

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

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