Exam 1: Introduction to Game Theory

-Refer to noncooperative, one-time, static game depicted in Figure 1.3. The Nash equilibrium strategy profile for this game is: I. {A1, B1}. II. {A1, B2}. III. {A2, B1}. IV. {A2, B2}. Which of the following is correct?

The normal-form of a one-time, static game summarizes:

A two-player, static game is one in which the players move:

Which of the following assumptions about static games with complete information is incorrect:

-Consider the advertising game depicted in Figure 1.6 in which payoffs are in thousands of dollars. If larger payoffs are preferred, this is an example of a: I. Game in which both players have a strictly dominant strategy. II. Prisoner's dilemma. III. Two-player, noncooperative, static game. Which of the following is correct?

A Nash equilibrium:

A static game:

-Consider the one-time, noncooperative, static game depicted in Figure 1.2. The Nash equilibrium strategy profile for this game is:

The modern version of game theory can be traced to the groundbreaking work of:

Game theory attempts to explain:

In a two-player, static game, players move:

Simultaneous-move games are also called:

Games in which the players alternate moves are called:

A collection of strategies is referred to as a:

Strategic interaction: