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Education › Economics › Microeconomics › Game Theory

Game Theory Economics Quiz

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| By Thames

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Quizzes Created: 8156 | Total Attempts: 9,588,805

| Attempts: 30 | Questions: 8 | Updated: Nov 12, 2025

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1. What is the primary focus of game theory?

Studying economic growth

Analyzing strategic interactions

Understanding market structures

Evaluating consumer behavior

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Game Theory Economics Quiz - Quiz

2.

What first name or nickname would you like us to use?

You may optionally provide this to label your report, leaderboard, or certificate.

2. What does the term 'dominant strategy' refer to?

A strategy that is best for a player regardless of what others do

A strategy that leads to the highest payoff for all players

A strategy that is only effective in cooperative games

A strategy that is chosen based on historical data

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3. In a zero-sum game, what is the sum of the outcomes for all players?

Positive

Negative

Zero

Varies

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4. What is the 'minimax' strategy?

Minimizing the maximum possible loss

Maximizing the minimum possible gain

Minimizing the average loss

Maximizing the average gain

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5. Which of the following best describes a cooperative game?

Players cannot communicate or form alliances

Players can negotiate and form binding agreements

Players act independently without any strategy

Players compete for a single prize

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6. Which of the following is an example of a non-cooperative game?

Prisoner's Dilemma

Stag Hunt

Coordination Game

Battle of the Sexes

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7. In game theory, what is a Nash Equilibrium?

A situation where players can benefit from changing their strategy

A situation where no player can benefit from changing their strategy

A situation where players cooperate for mutual benefit

A situation where one player dominates the game

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8. What is a mixed strategy in game theory?

A strategy that involves randomizing over possible moves

A strategy that combines cooperation and competition

A strategy that is used in cooperative games only

A strategy that guarantees a win

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Answered ()

What is the primary focus of game theory?

What does the term 'dominant strategy' refer to?

In a zero-sum game, what is the sum of the outcomes for all players?

What is the 'minimax' strategy?

Which of the following best describes a cooperative game?

Which of the following is an example of a non-cooperative game?

In game theory, what is a Nash Equilibrium?

What is a mixed strategy in game theory?

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