What is Game Theory?

True or False, Game Theory can only be applied to games like poker.

• True

• False

What are the 3 major components of Game Theory? 

• Players

• Strategies

• Enemies

• Different Levels

• Payoffs

What is at the heart of Game Theory?

• Players

• Strategies

• Developers

Which Statment best represents a Zero-Sum Game?

•  A zero-sum game means one party’s gain equivalent to another party’s loss

• A zero-sum games can be either competitive or non-competitive

• In a zero-sum game no side has any rational incentive to change the chosen strategy 

This is called a 

• prisoner's options

• a table of choices

• a game theory matrix

True or False Players react rationally when provided payoffs. 

• True

• False

What is the name of the game theory concept that determines the optimal solution in a non-cooperative game in which each player lacks any incentive to change his/her initial strategy.

• Zero-Sum Theory

• Sequential Theory

• Nash Equilibrium

• Forbs Equilibrium

Which of the following people was NOT an important contributor to Game Theory?

• 1.  John Nash

• 2.  John Von Neumann

• 3.  John Meynard Keynes

• 4.  Oskar Morgenstern