AGT: exam prep

Which of the following games are dynamic?

• Stackelberg

• Cournot

• Bertrand

• Prisoner’s dilemma

What is a maxi-min strategy?

• A strategy ending with a Nash equilibrium solution

• Best response strategy

• A strategy maximising the lowest possible gain

• A strategy minimising the highest possible gain

If you have a dynamic game with imperfect information about its history, how do you solve it?

• As a simultaneous game

• As a static game

• As a dynamic game

• As a sequential game

What are the requirements for a good auction?

• Buyer with the lowest object valuation gets it

• Seller’s profit is maximized

• Buyer with the highest object valuation gets it

• Seller’s profit is minimized

What is cheap talk in game theory?

• Type of cooperative games

• Synonym for signaling

• Communication that is in no way about the game itself

• Communication without effect on the actions/payoffs

Which of the following could limit our decision making?

• Limited information

• Cognitive limitations

• Innate preference for fairness

• Time constraints when making decisions

What preferences does hyper-rationality consider?

• Irrational preferences

• Self-focused preferences of a player

• Preferences of others

• Preferences based only on perfect information

What is a Bayesian game?

• A static game

• A game with bounded rationality

• A game with perfect information

• A game with imperfect information

What does Shapley value consider?

• Core solutions

• Dummy players' impact

• Player actions

• Relative importance of players

Which of the following are possible outcomes in evolutionary games?

• Only one strategy survives

• Strategies settle at the stable ratio

• No stable solution