Exam 14: Game Theory and Strategic Behavior

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -Game 8 shows the payoff matrix in terms of profit (in millions of dollars) for two possible strategies: advertise or do not advertise. Which of the following is a true statement?

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 3 above,

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -Game 7 is an example of prisoners' dilemma. Thus, the payoff matrix contains jail sentences in terms of months. For this game,

Player A has a dominated strategy

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 2 above,

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 3 above,

A game tree is

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 5 above, in the Nash equilibrium in mixed strategies

The likelihood of a cooperative outcome in a repeated prisoners' dilemma type game decreases when

The likelihood of a cooperative outcome in a repeated prisoners' dilemma type game increases when

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -Game 8 shows the payoff matrix in terms of profit (in millions of dollars) for two possible strategies: advertise or do not advertise. If they legally could, why might the two companies agree to a binding contract committing both to not advertise?

Consider a repeated prisoner's dilemma game. The likelihood of a cooperative outcome rises when

Evaluate the truthfulness of the following statements I. A game situation in which there is a tension between the collective interest of all of the players and the self-interest of individual players is called a "prisoner's dilemma". II. The Cournot and Bertrand models are examples of "prisoner's dilemma" games.

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 6 above,

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 3 above,

A dominant strategy

Game theory refers to

Which of the following statements is not true?

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 4 above,

In the following games, all payoffs are listed with the row player’s payoffs first and the column player’s payoffs second -In Game 2 above,