Game Theory BS

Which of the following are types of game theory?

• Lottery game theory

• Coordinatory game theory

• Cooperative game theory

• Non-cooperative game theory

What are the benefits of building models?

• Easier communication

• Reducing complexity

• Establishing relationships

• Increasing complexity

When do we consider an agent rational?

• When they have intransitive preferences

• When they aim to maximize self-oriented payoffs

• When they have transitive preferences

• When they aim to maximize other-oriented payoffs

Which of the following cases demonstrate transitive preferences?

• I prefer chocolate ice cream to vanilla ice cream; vanilla ice cream to pistachio ice cream; and pistachio ice cream to chocolate ice cream

• Students prefer quality over quantity

• A shareholder prefers focusing on higher share value rather than firm's climate footprint; employee wellbeing over firm's climate footprint; and employee wellbeing over higher share value

• Party leader is indifferent between the new members of the party, the old members of the party, and the party leadership

What are the characteristics of such game?

• It is a dynamic game

• It is a strategic form game

• It is an extensive form game

• It is solved using backwards induction

Where would the equilibrium of this game be?

• 1, 4

• 6, 5

• 4, 2

• 3, 3