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WorksheetsCHAPTER 4: Decision-Making
Total questions: 10
Worksheet time: 4mins
This is a branch of mathematics that is concerned with measuring how likely an event is to occur.
(a)
This refers to a form in which a voter ranks his / her choice of candidates.
Preference Table
Preference Ballot
Voting Method
Fairness Criteria
What is another method of determining the Nash Equilibrium of a game? It involves iteratively or repeatedly removing strategies that are dominated.
IESDS
Maximin Strategy
Normal-Form Game
Backward Induction
This type of probability is based on historical data
Classical Probability
Empirical Probability
In game theory, the participants are called...
(a)
In this classification of a game, each players only have a single move that they take all at the same time.
Randomness
Simultaneous Game
Perfect Information
Sequential Game
Unlike Normal Form, this representation of a game uses a tree diagram in which each strategy is shown as a branch point.
(a)
In Game Theory, this occurs when all players have a dominant strategy.
Nash Equilibrium
Dominant Strategy Equilibrium
Dominated Strategies
IESDS
In this voting method, a candidate wins if he/she receives more than 50% of the total number of first-place votes.
Plurality Method
Majority Rules
Condorcet Method
Borda Count Method
A candidate with the most first-place votes wins. Which voting method is this candidate a winner by?
Majority Rules
Condorcet
Plurality
None of the above
