The Story of Game Theory

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

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

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

A) A game with no optimal strategies.
B) A strategic move that always guarantees a win.
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) The Theory of Games and Economic Behavior
B) The Lord of the Rings
C) Moby Dick
D) 1984

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

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

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

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

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 is rarely used.
D) A strategy that depends on the opponent's mood.

7. 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.

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

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

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

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