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1quiz - Game Theory

This document contains a 7 question quiz on concepts from game theory, including defining games, examples of games, strategic reasoning, best responses, Nash equilibria, dominant strategies, and Pareto optimality. The quiz questions are multiple choice and cover material from the first week of a Coursera course on game theory from 2013.

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Raunak Agarwal
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2K views4 pages

1quiz - Game Theory

This document contains a 7 question quiz on concepts from game theory, including defining games, examples of games, strategic reasoning, best responses, Nash equilibria, dominant strategies, and Pareto optimality. The quiz questions are multiple choice and cover material from the first week of a Coursera course on game theory from 2013.

Uploaded by

Raunak Agarwal
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1/16/13

Quiz | Game Theory

In-Video Quizzes Week 1


The due date for this quiz is Sun 10 Mar 2013 11:59 PM PDT.

Question 1
1-3 Defining Games Consider the following normal form: N={1, 2} ={Movie, Theater} Each player chooses an action of either going to a movie or going to the theater. Player 1 prefers to see a movie with Player 2 over going to the theater with Player 2. Player 2 prefers to go to the theater with Player 1 over seeing a movie with Player 1. Players get a payoff of 0 if they end up at a different place than the other player. Player 1\ Player 2 Movie Theater Movie Theater a,b 0,0 0,0 c,d
d c b a
iA

Which restrictions should


d > b c > a

, ,

and

satisfy?

a) b) c) d)

; ; ; ;

Question 2
1-4 Examples of Games Consider the following constant-sum game: H H 1,-1 T 0,? T

What should be filled in ?:


https://class.coursera.org/gametheory-2012-002/quiz/attempt?quiz_id=135 1/4

c < b d > a d < b c < a d < b c > a

1/16/13

Quiz | Game Theory

b) 0; a) -1; c) 1; d) 2.

Question 3
1-6 Strategic Reasoning n people guess an integer between 1 and 100, and the winner is the player whose guess is closest to the mean of the guesses + 1 (ties broken randomly). Which of the following is an equilibrium: a) All announce 1. b) All announce 50. c) All announce 75. d) All announce 100.

Question 4
1-7 Best Response and Nash Equilibrium Consider the collective-action game: Player 1\ Player 2 Revolt Not Revolt Not 2,2 1,-1 -1,1 0,0

When player 1 plays "Not", for player 2 b) "Not" is a best response. a) "Revolt" is a best response. c) "Revolt" and "Not" are both best responses. d) There is no best response.

Question 5
1-8 Nash Equilibrium of Example Games
https://class.coursera.org/gametheory-2012-002/quiz/attempt?quiz_id=135 2/4

1/16/13

Quiz | Game Theory

Consider the following game in which two firms must decide whether to open a new plant or not: Firm 1\ Firm 2 Build Not Build Not 1,1 0,3 3,0 2,2

Find all pure strategy Nash equilibrium: b) Only (Not, Not). c) Only (Build, Build). d) Only (Not, Build). a) Only (Build, Not).

Question 6
1-9 Dominant Strategies Consider the game: Player 1\ Player 2 Left Right Up Down 2,1 1,1 0,1 0,2

Which of the players has a strictly dominant strategy? a) Player 1. c) Both players. b) Player 2. d) Neither player.

Question 7
1-10 Pareto Optimality Consider the game: Player 1\ Player 2 Left Right Left Right 3,3 1,1 1,4 1,1
3/4

https://class.coursera.org/gametheory-2012-002/quiz/attempt?quiz_id=135

1/16/13

Quiz | Game Theory

Which of the following outcomes is Pareto-optimal? (There might be more than one, or none.) a) (3,3); b) (1,4); c) (1,1);

In accordance with the Honor Code, I certify that my answers here are my own work. Submit Answers Save Answers

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