Game theory quiz

When maximin and minimax values of the game are same, then

• There is saddle point

• Solution does not exit

• Strategies are mixed

• None of the options

The pay-off value for each player in a game always selects the same strategy is called

• Equilibrium point

• Saddle point

Games which involve more than two players are called

• n-person games

• Biased games

A mixed strategy game can be solved by

• Matrix method

• Algebraic method

• Graphical method

• All the options

When sum of gains of one player is equal to sum of losses to another player, the situation is known as

• Zero-sum game

• Fair game

• Conflicting game

• Negotiable game