Game Theory: Questions And Answers

Explore Questions and Answers to deepen your understanding of Game Theory.

32 Short 40 Medium 47 Long Answer Questions Question Index

Short Answer Questions

Question 1. What is game theory?

Question 2. What are the main components of a game in game theory?

Question 3. Explain the concept of Nash equilibrium.

Question 4. What is the difference between cooperative and non-cooperative game theory?

Question 5. What is the Prisoner's Dilemma?

Question 6. What is the concept of dominant strategy?

Question 7. What is the concept of mixed strategy?

Question 8. What is the concept of backward induction?

Question 9. What is the concept of subgame perfect equilibrium?

Question 10. What is the concept of extensive form game?

Question 11. What is the concept of normal form game?

Question 12. What is the concept of simultaneous move game?

Question 13. What is the concept of sequential move game?

Question 14. What is the concept of zero-sum game?

Question 15. What is the concept of non-zero-sum game?

Question 16. What is the concept of pure strategy?

Question 17. What is the concept of mixed strategy equilibrium?

Question 18. What is the concept of correlated equilibrium?

Question 19. What is the concept of repeated game?

Question 20. What is the concept of evolutionary game theory?

Question 21. What is the concept of cooperative game theory?

Question 22. What is the concept of non-cooperative game theory?

Question 23. What is the concept of bargaining game?

Question 24. What is the concept of voting game?

Question 25. What is the concept of auction theory?

Question 26. What is the concept of mechanism design?

Question 27. What is the concept of social choice theory?

Question 28. What is the concept of decision theory?

Question 29. What is the concept of information theory?

Question 30. What is the concept of game tree?

Question 31. What is the concept of payoff matrix?

Question 32. What is the concept of dominant strategy equilibrium?

Medium Answer Questions

Question 1. What is game theory and why is it important?

Question 2. Explain the concept of Nash equilibrium.

Question 3. What are the different types of games in game theory?

Question 4. How does game theory apply to economics?

Question 5. What is the prisoner's dilemma and why is it significant in game theory?

Question 6. Describe the concept of dominant strategies in game theory.

Question 7. What is the difference between cooperative and non-cooperative games?

Question 8. Explain the concept of mixed strategies in game theory.

Question 9. How does game theory apply to business strategy?

Question 10. What is the concept of backward induction in game theory?

Question 11. Explain the concept of subgame perfect equilibrium.

Question 12. What is the concept of extensive form games in game theory?

Question 13. How does game theory apply to political science?

Question 14. What is the concept of repeated games in game theory?

Question 15. Explain the concept of signaling in game theory.

Question 16. What is the concept of cheap talk in game theory?

Question 17. How does game theory apply to evolutionary biology?

Question 18. What is the concept of zero-sum games in game theory?

Question 19. Explain the concept of correlated equilibrium in game theory.

Question 20. How does game theory apply to international relations?

Question 21. What is the concept of Bayesian games in game theory?

Question 22. Explain the concept of mixed-motive games in game theory.

Question 23. What is the concept of cooperative game theory?

Question 24. How does game theory apply to psychology?

Question 25. What is the concept of evolutionary game theory?

Question 26. Explain the concept of perfect information in game theory.

Question 27. What is the concept of non-zero-sum games in game theory?

Question 28. How does game theory apply to computer science?

Question 29. What is the concept of mechanism design in game theory?

Question 30. Explain the concept of rationalizability in game theory.

Question 31. How does game theory apply to social sciences?

Question 32. What is the concept of repeated prisoner's dilemma in game theory?

Question 33. Explain the concept of backward induction in game theory.

Question 34. What is the concept of incomplete information in game theory?

Question 35. How does game theory apply to biology?

Question 36. What is the concept of coalitional game theory?

Question 37. Explain the concept of extensive form games in game theory.

Question 38. What is the concept of strategic form games in game theory?

Question 39. How does game theory apply to sociology?

Question 40. Explain the concept of mixed strategy Nash equilibrium in game theory.

Long Answer Questions

Question 1. What is Game Theory and how does it apply to decision-making?

Question 2. Explain the concept of Nash equilibrium and its significance in Game Theory.

Question 3. Discuss the different types of games in Game Theory and provide examples for each.

Question 4. What are the key assumptions made in Game Theory?

Question 5. Explain the concept of dominant strategy and its role in decision-making.

Question 6. Discuss the Prisoner's Dilemma and its implications in Game Theory.

Question 7. What is the difference between cooperative and non-cooperative games in Game Theory?

Question 8. Explain the concept of mixed strategy and its application in Game Theory.

Question 9. Discuss the concept of Pareto efficiency and its relevance in Game Theory.

Question 10. What is the role of information in Game Theory and how does it affect decision-making?

Question 11. Explain the concept of backward induction and its use in solving sequential games.

Question 12. Discuss the concept of subgame perfection and its significance in Game Theory.

Question 13. What are the limitations of Game Theory in real-world applications?

Question 14. Explain the concept of repeated games and their implications in Game Theory.

Question 15. Discuss the concept of signaling in Game Theory and its role in strategic communication.

Question 16. What is the concept of cheap talk in Game Theory and how does it affect decision-making?

Question 17. Explain the concept of evolutionary game theory and its application in biology and social sciences.

Question 18. Discuss the concept of rationality in Game Theory and its assumptions.

Question 19. What is the role of equilibrium in Game Theory and how is it achieved?

Question 20. Explain the concept of zero-sum games and provide examples.

Question 21. Discuss the concept of non-zero-sum games and provide examples.

Question 22. What is the concept of simultaneous games and how are they analyzed in Game Theory?

Question 23. Explain the concept of extensive form games and their representation using game trees.

Question 24. Discuss the concept of strategic form games and their representation using payoff matrices.

Question 25. What is the concept of perfect information in Game Theory and how does it affect decision-making?

Question 26. Explain the concept of imperfect information in Game Theory and its implications.

Question 27. Discuss the concept of mixed-motive games and provide examples.

Question 28. What is the concept of cooperative games and how are they analyzed in Game Theory?

Question 29. Explain the concept of non-cooperative games and their analysis using strategic thinking.

Question 30. Discuss the concept of bargaining in Game Theory and its applications in negotiations.

Question 31. What is the concept of voting in Game Theory and its role in decision-making?

Question 32. Explain the concept of mechanism design in Game Theory and its use in designing optimal rules.

Question 33. Discuss the concept of auction theory in Game Theory and its applications in market design.

Question 34. What is the concept of social dilemmas in Game Theory and their implications in collective action?

Question 35. Explain the concept of coordination games and their analysis using focal points.

Question 36. Discuss the concept of asymmetric information in Game Theory and its effects on decision-making.

Question 37. What is the concept of common knowledge in Game Theory and its role in strategic interactions?

Question 38. Explain the concept of rationalizability in Game Theory and its use in predicting behavior.

Question 39. Discuss the concept of correlated equilibrium in Game Theory and its applications in communication.

Question 40. What is the concept of evolutionary stability in Game Theory and its implications in biology and social sciences?

Question 41. Explain the concept of risk aversion in Game Theory and its effects on decision-making.

Question 42. Discuss the concept of risk dominance in Game Theory and its use in predicting outcomes.

Question 43. What is the concept of backward induction in Game Theory and how is it applied in solving extensive form games?

Question 44. Explain the concept of forward induction in Game Theory and its use in predicting behavior.

Question 45. Discuss the concept of rationalizability in Game Theory and its implications in strategic thinking.

Question 46. What is the concept of correlated equilibrium in Game Theory and its applications in decision-making.

Question 47. Explain the concept of evolutionary stability in Game Theory and its role in biology and social sciences.