Question 1

Given the following two-person game, what strategy should the players play?

Accepted Answer

This is a pure strategy.X should play X1 and Y should play Y2.

Question 2

Adam and Eve each face three doors and must make a selection with payoffs as shown in the table.What is the value of the game and which doors should Adam and Eve choose?

Accepted Answer

The value of the game is 7.Eve should choose Door 2 and Adam should choose Door 3.

Question 3

Table M4-1
Adam and Eve each face three doors and must make a selection with payoffs as shown in the table.
  
-Which door should Adam choose?

Accepted Answer

A) Door 1 
B) Door 2 
C) Door 3 
D) He should not choose a door. 
A) Door 1 
B) Door 2 
C) Door 3 
D) He should not choose a door. C

Question 4

If it is known what percentage of the time each player plays each strategy, then the value of a two-person game can be computed

Accepted Answer

A) from only the optimal strategy row. 
B) from only the optimal strategy column. 
C) from any column or row. 
D) except for a zero sum game. 
A) from only the optimal strategy row. 
B) from only the optimal strategy column. 
C) from any column or row. 
D) except for a zero sum game.

Question 5

Given the following two-person game, what strategy should the players play?

Accepted Answer

This is a mixed strategy. 12Q

Question 6

The cornerstone of game theory is Harsanui equilibrium and Harsanui bargaining problems.

Accepted Answer

A) True 
 B)False

Question 7

Game theory has been used to plan warfare strategies.

Accepted Answer

A) True 
 B)False

Question 8

Consider the following two-person game, and determine the saddle point if it exists.

Accepted Answer

A) -3 
B) 2 
C) 4 
D) 6 
A) -3 
B) 2 
C) 4 
D) 6

Question 9

Duopoly exists when two entities are the sole entrants in the market.

Accepted Answer

A) True 
 B)False

Question 10

Considering the following two-person game, what percentage of the time should Y play strategy Y1?

Accepted Answer

A) 1/3 
B) 2/3 
C) 4/9 
D) 5/9 
A) 1/3 
B) 2/3 
C) 4/9 
D) 5/9

Question 11

Given the following two-person game, which strategy can be eliminated by use of dominance?

Accepted Answer

A) X1 
B) X2 
C) X3 
D) Y1 
A) X1 
B) X2 
C) X3 
D) Y1

Question 12

The value of a two-person pure strategy game is equal to the lower value of the game.

Accepted Answer

A) True 
 B)False

Question 13

Game theory is a way to consider the impact of games on business.

Accepted Answer

A) True 
 B)False

Question 14

Consider the following two-person game.The payoff for X is given in the table.X will always play strategy

Accepted Answer

A) X1. 
B) X2. 
C) Y1. 
D) Y2. 
A) X1. 
B) X2. 
C) Y1. 
D) Y2.

Question 15

Vanderbilt's offensive coordinator can choose to run, pass or use one of their vaunted trick plays for each play they run.The defensive coordinator for Texas Tech can choose to blitz, play their base defense or use a prevent defense each time Vanderbilt calls a play.The payoffs for each of these strategy combinations are neatly displayed in the table.Which play should Vanderbilt choose and which defense should Texas Tech run according to the information in the table?

Accepted Answer

Vanderbilt should ru

Question 16

When a saddle point is present, the strategy each player should follow will always be the same.

Accepted Answer

A) True 
 B)False

Question 17

Game theory is not very useful during union negotiations.

Accepted Answer

A) True 
 B)False

Question 18

Game theory is the study of

Accepted Answer

A) how optimal strategies are formulated in conflict. 
B) decisions and their consequences. 
C) pure probability. 
D) conditional probability. 
A) how optimal strategies are formulated in conflict. 
B) decisions and their consequences. 
C) pure probability. 
D) conditional probability.

Question 19

Bagels RUS is expanding into a high-growth suburban area.To promote business and lure customers from the competing Wer Bagel store, they are considering offering a free dozen bagels to the first 50 customers or radio advertisement.The payoff for Bagels RUS is given in the table below.What is Wer Bagels' (Y)best strategy?

Accepted Answer

A) X1 
B) X2 
C) Y1 
D) Y2 
A) X1 
B) X2 
C) Y1 
D) Y2

Question 20

Table M4-1
Adam and Eve each face three doors and must make a selection with payoffs as shown in the table.
  
-What is the value of the game depicted in Table M4-1?

Accepted Answer

A) 7 
B) 8 
C) 9 
D) 10 
A) 7 
B) 8 
C) 9 
D) 10

Exam 19: Game Theory

Given the following two-person game, what strategy should the players play?

Adam and Eve each face three doors and must make a selection with payoffs as shown in the table.What is the value of the game and which doors should Adam and Eve choose?

Table M4-1 Adam and Eve each face three doors and must make a selection with payoffs as shown in the table. -Which door should Adam choose?

If it is known what percentage of the time each player plays each strategy, then the value of a two-person game can be computed

Given the following two-person game, what strategy should the players play?

The cornerstone of game theory is Harsanui equilibrium and Harsanui bargaining problems.

Game theory has been used to plan warfare strategies.

Consider the following two-person game, and determine the saddle point if it exists.

Duopoly exists when two entities are the sole entrants in the market.

Considering the following two-person game, what percentage of the time should Y play strategy Y1?

Given the following two-person game, which strategy can be eliminated by use of dominance?

The value of a two-person pure strategy game is equal to the lower value of the game.

Game theory is a way to consider the impact of games on business.

Consider the following two-person game.The payoff for X is given in the table.X will always play strategy

When a saddle point is present, the strategy each player should follow will always be the same.

Game theory is not very useful during union negotiations.

Game theory is the study of

Table M4-1 Adam and Eve each face three doors and must make a selection with payoffs as shown in the table. -What is the value of the game depicted in Table M4-1?

Introduction to Quantitative Analysis

Probability Concepts and Applications

Decision Analysis

Regression Models

Forecasting

Inventory Control Models

Linear Programming Models: Graphical and Computer Methods

Linear Programming Applications

Transportation, Assignment, and Network Models

Integer Programming, Goal Programming, and Nonlinear Programming

Project Management

Waiting Lines and Queuing Theory Models

Simulation Modeling

Markov Analysis

Statistical Quality Control

Analytic Hierarchy Process

Dynamic Programming

Decision Theory and the Normal Distribution

Mathematical Tools: Determinants and Matrices

Calculus-Based Optimization

Linear Programming: The Simplex Method

Transportation, Assignment, and Network Algorithms

Filters

Considering the following two-person game, what percentage of the time should Y play strategy Y₁?