Question 1

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . 
-In Game 5 above,

Accepted Answer

A)  Player A has a dominant strategy.
B)  Player B has a dominant strategy.
C)  Both players have dominant strategies.
D)  Neither player has a dominant strategy.

Question 2

The likelihood of a cooperative outcome in a repeated prisoners' dilemma type game increases when:

Accepted Answer

A)  interactions between the players are frequent.
B)  the players are impatient.
C)  cheating is not detectable.
D)  there is a large gain from cheating.

Question 3

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. 
-In Game 3 above,

Accepted Answer

A)  Player A has a dominant strategy.
B)  Player B has a dominant strategy.
C)  Both players have a dominant strategy.
D)  Neither player has a dominant strategy.

Question 4

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . 
-In Game 5 above, if the players move sequentially with Player B choosing first, the Nash equilibrium will be

Accepted Answer

A)  Player A choosing A1 and Player B choosing B1.
B)  Player A choosing A1 and Player B choosing B2.
C)  Player A choosing A2 and Player B choosing B1.
D)  Player A choosing A2 and Player B choosing B2.

Question 5

A game tree is:

Accepted Answer

A)  a diagram that shows the different strategies that each player can follow in a game and the viability of those strategies for each player.
B)  a diagram that shows the different strategies that each player can follow in a game and the probability that each player will choose each strategy.
C)  a diagram that shows the different strategies that each player can follow in a game and the order in which those strategies get chosen.
D)  a diagram that shows the optimal strategy for each player.

Question 6

Under a mixed strategy,

Accepted Answer

A)  players move sequentially.
B)  a player chooses among two or more pure strategies according to pre-specified probabilities.
C)  the players may never reach a Nash equilibrium.
D)  players obtain lower payoffs than in a pure strategy equilibrium.

Question 7

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . 
-In Game 5 above, in the Nash equilibrium in mixed strategies

Accepted Answer

A)  player A chooses A1 with a 2/9 probability.
B)  player A chooses A1 with a 3/9 probability.
C)  player A chooses A1 with a 4/9 probability.
D)  player A chooses A1 with a 5/9 probability.

Question 8

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. 
-In Game 3 above,

Accepted Answer

A)  A1 is a dominated strategy for Player A
B)  A2 is a dominated strategy for Player A
C)  A3 is a dominated strategy for Player A
D)  Player A has no dominated strategies.

Question 9

A strategy in which you do to your opponent in this period what your opponent did to you in the last period is a:

Accepted Answer

A)  live-and-let-live strategy
B)  shoot-to-kill strategy.
C)  grim trigger strategy.
D)  tit-for-tat strategy.

Exam 14: Game Theory and Strategic Behavior

A game tree is:

Correct Answer
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In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. -In Game 3 above,

Correct Answer
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In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . -In Game 5 above, if the players move sequentially with Player B choosing first, the Nash equilibrium will be

Correct Answer
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A strategy in which you do to your opponent in this period what your opponent did to you in the last period is a:

Correct Answer
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In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. -In Game 3 above,

Correct Answer
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Under a mixed strategy,

Correct Answer
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The likelihood of a cooperative outcome in a repeated prisoners' dilemma type game increases when:

Correct Answer
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In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . -In Game 5 above, in the Nash equilibrium in mixed strategies

Correct Answer
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In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . -In Game 5 above,

Correct Answer
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Exam 14: Game Theory and Strategic Behavior

A game tree is:

Correct AnswerverifiedShow Answer

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. -In Game 3 above,

Correct AnswerverifiedShow Answer

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . -In Game 5 above, if the players move sequentially with Player B choosing first, the Nash equilibrium will be

Correct AnswerverifiedShow Answer

A strategy in which you do to your opponent in this period what your opponent did to you in the last period is a:

Correct AnswerverifiedShow Answer

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. -In Game 3 above,

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Under a mixed strategy,

Correct AnswerverifiedShow Answer

The likelihood of a cooperative outcome in a repeated prisoners' dilemma type game increases when:

Correct AnswerverifiedShow Answer

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . -In Game 5 above, in the Nash equilibrium in mixed strategies

Correct AnswerverifiedShow Answer

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (36-40) . -In Game 5 above,

Correct AnswerverifiedShow Answer

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Correct Answer
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Correct Answer
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