game theory questions and answers pdf

Access study documents, get answers to your study questions, and connect with real tutors for ISE 358 : GAME THEORY at Lehigh University. The first is cooperative game theory, which assumes that the players can communicate, form coalitions and sign binding agreements. b. state a hypothesis in a form that can be tested c. derive a hypothesis from theory d. All of the above e. None of the above Answer: d From: Textbook, p. 7-8 460 511.1 306.7 306.7 460 255.6 817.8 562.2 511.1 511.1 460 421.7 408.9 332.2 536.7 /Subtype/Type1 16 0 obj 500 500 500 500 500 500 500 500 500 500 500 277.8 277.8 277.8 777.8 472.2 472.2 777.8 /Subtype/Type1 /Filter[/FlateDecode] U@���L5��Z��^�/���`&y\��G;5A�Y„bx$B�C����xF? 593.7 500 562.5 1125 562.5 562.5 562.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1. Online quiz: finding Nash equilibria. The syllabus, lecture notes, slides, exams and problem sets are available to download as PDF files. In cases where a student answers more questions than requested by the examination rubric, the policy of the Economics Department is that the stu-dents –rst set of answers up to the required number will be the ones that count (not the best answers). /Type/Encoding The odd-odd vertex removal game (odd-odd VRG) is an impartial two-player game +�Oc���b�խ�`�&��>؞~���#l�A�I�������G�������?\��d�a���'��J�A�=��W�V�����|�'�@�ݍ׊,b���,��@�=� ���/��e^�3V�Ch�T�€j3�6G�����r~�����U���alC��i��o /E'�^��&��q3�,S K۞���`:t/3ʅ���\��� e�5 `!�:t������fOf��� (i.e., it is dominated for any ∈[0 1].) /BaseFont/OWUOOU+CMTI10 Game Theory — Midterm I 10/19/2010. >> 343.7 593.7 312.5 937.5 625 562.5 625 593.7 459.5 443.8 437.5 625 593.7 812.5 593.7 Show your work. /Subtype/Type1 /ProcSet [ /PDF /Text ] Game Theory 1 Multiple Choice [7 pt] Indicate the most correct answers in each of the following questions. Game Theory Practice Questions Question 1. 500 555.6 527.8 391.7 394.4 388.9 555.6 527.8 722.2 527.8 527.8 444.4 500 1000 500 ]�q],�l�Bdq�-���_��[�2�$O�+)E��t�š�>,+��� �$�r�R���j������O�����y!�$x���E��q^�i���0Y!⪞���ao>� b�AVY�9���`��Q��;��22�R������'�myy0���i^IJ��Ǘe%�; Y4��ѩn��&E�o�����*M/�+���XR����$Y�޴-c'��o�?+�? /FirstChar 33 2. 465 322.5 384 636.5 500 277.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (The test serves as a backup for the answer sheet.) Good luck! In his paper,”Game Theory Analysis of Aircraft Manufacturer Innovation Strategies in the Face of Increasing Airline Fuel Costs,” MIT graduate student James Morrison applies a game theory framework to advise strategies that single-aisle aircraft manufacturers can employ to navigate a variety of market conditions. /Type/Encoding /Contents 3 0 R Vera has to decide whether /Length 3045 endobj endobj 500 500 500 500 500 500 500 500 500 500 500 277.8 277.8 777.8 500 777.8 500 530.9 Each one has its own unique sets of problems and applications. /FirstChar 33 /Name/F5 PRACTICE PROBLEMS with detailed answers on topics not covered in the two textbooks We provide all important questions and answers from chapter Computer Based Optimization Techniques. Football game 1 2 Boxing Match 3 0 Hike 0 1 For Let denote the probability of rain. /FirstChar 33 306.7 511.1 511.1 511.1 511.1 511.1 511.1 511.1 511.1 511.1 511.1 511.1 306.7 306.7 /Widths[622.5 466.3 591.4 828.1 517 362.8 654.2 1000 1000 1000 1000 277.8 277.8 500 Please put each question into a di erent blue book. /Filter /FlateDecode 575 575 575 575 575 575 575 575 575 575 575 319.4 319.4 350 894.4 543.1 543.1 894.4 << 750 708.3 722.2 763.9 680.6 652.8 784.7 750 361.1 513.9 777.8 625 916.7 750 777.8 525 768.9 627.2 896.7 743.3 766.7 678.3 766.7 729.4 562.2 715.6 743.3 743.3 998.9 Unit 15 – Game Theory: Introduction, Competitive Situations, Characteristics of Competitive Games, ... Operation Research Questions and Answers. << /Subtype/Type1 << (a) Find … 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 562.5 312.5 312.5 342.6 << %PDF-1.2 (a) Using backward induction find an equilibrium. /FirstChar 33 777.8 694.4 666.7 750 722.2 777.8 722.2 777.8 0 0 722.2 583.3 555.6 555.6 833.3 833.3 /Name/F7 /Encoding 20 0 R 500 500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 625 833.3 /Differences[0/Gamma/Delta/Theta/Lambda/Xi/Pi/Sigma/Upsilon/Phi/Psi/Omega/ff/fi/fl/ffi/ffl/dotlessi/dotlessj/grave/acute/caron/breve/macron/ring/cedilla/germandbls/ae/oe/oslash/AE/OE/Oslash/suppress/exclam/quotedblright/numbersign/dollar/percent/ampersand/quoteright/parenleft/parenright/asterisk/plus/comma/hyphen/period/slash/zero/one/two/three/four/five/six/seven/eight/nine/colon/semicolon/exclamdown/equal/questiondown/question/at/A/B/C/D/E/F/G/H/I/J/K/L/M/N/O/P/Q/R/S/T/U/V/W/X/Y/Z/bracketleft/quotedblleft/bracketright/circumflex/dotaccent/quoteleft/a/b/c/d/e/f/g/h/i/j/k/l/m/n/o/p/q/r/s/t/u/v/w/x/y/z/endash/emdash/hungarumlaut/tilde/dieresis/suppress b. a Nash equilibrium strategy. /FontDescriptor 12 0 R 638.9 638.9 958.3 958.3 319.4 351.4 575 575 575 575 575 869.4 511.1 597.2 830.6 894.4 19 0 obj Suppose the market demand curve is p = 10 - Q where p is priCe and Q is mark~t quantity. 680.6 777.8 736.1 555.6 722.2 750 750 1027.8 750 750 611.1 277.8 500 277.8 500 277.8 160/space/Gamma/Delta/Theta/Lambda/Xi/Pi/Sigma/Upsilon/Phi/Psi 173/Omega/alpha/beta/gamma/delta/epsilon1/zeta/eta/theta/iota/kappa/lambda/mu/nu/xi/pi/rho/sigma/tau/upsilon/phi/chi/psi/tie] /Encoding 7 0 R /Widths[306.7 514.4 817.8 769.1 817.8 766.7 306.7 408.9 408.9 511.1 766.7 306.7 357.8 460 664.4 463.9 485.6 408.9 511.1 1022.2 511.1 511.1 511.1 0 0 0 0 0 0 0 0 0 0 0 Inventory Theory: Inventory theory helps for optimizing the inventory levels. >> 2008 Midterm 2 (PDF) Solutions (PDF) 2007 Midterm 2 with Solutions (PDF) Final Exam. endobj 511.1 511.1 511.1 831.3 460 536.7 715.6 715.6 511.1 882.8 985 766.7 255.6 511.1] 1 0 obj << /Resources 1 0 R 31 0 obj << xڥɒ�6�>_�[��M\'�)�O�SS���0=4IHS�����[ ��ܩʉX���o�"��d�]��_�~y�! Prof. Muhamet Yildiz Instructions. 750 708.3 722.2 763.9 680.6 652.8 784.7 750 361.1 513.9 777.8 625 916.7 750 777.8 863.9 786.1 863.9 862.5 638.9 800 884.7 869.4 1188.9 869.4 869.4 702.8 319.4 602.8 777.8 694.4 666.7 750 722.2 777.8 722.2 777.8 0 0 722.2 583.3 555.6 555.6 833.3 833.3 762.8 642 790.6 759.3 613.2 584.4 682.8 583.3 944.4 828.5 580.6 682.6 388.9 388.9 /LastChar 196 323.4 569.4 569.4 569.4 569.4 569.4 569.4 569.4 569.4 569.4 569.4 569.4 323.4 323.4 << Game theory is divided into two main branches. 10 0 obj 570 517 571.4 437.2 540.3 595.8 625.7 651.4 277.8] 511.1 575 1150 575 575 575 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 The book can be downloaded freely and legally here. 323.4 877 538.7 538.7 877 843.3 798.6 815.5 860.1 767.9 737.1 883.9 843.3 412.7 583.3 1.1) The question: Do zero-sum games have a solution? At the end of the second paragraph the index "i" must be in italics. >> 160/space/Gamma/Delta/Theta/Lambda/Xi/Pi/Sigma/Upsilon/Phi/Psi 173/Omega/ff/fi/fl/ffi/ffl/dotlessi/dotlessj/grave/acute/caron/breve/macron/ring/cedilla/germandbls/ae/oe/oslash/AE/OE/Oslash/suppress/dieresis] 277.8 500 555.6 444.4 555.6 444.4 305.6 500 555.6 277.8 305.6 527.8 277.8 833.3 555.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 627.2 817.8 766.7 692.2 664.4 743.3 715.6 /Type/Font 680.6 777.8 736.1 555.6 722.2 750 750 1027.8 750 750 611.1 277.8 500 277.8 500 277.8 277.8 500] These quiz objective questions are helpful for … /Subtype/Type1 (1) Solution: We are going to use rules (1),(2) and (3) from your notes to find 319.4 575 319.4 319.4 559 638.9 511.1 638.9 527.1 351.4 575 638.9 319.4 351.4 606.9 >> Part B { Combinatorial Game Theory Jonas Sj ostrand 6. /Widths[323.4 569.4 938.5 569.4 938.5 877 323.4 446.4 446.4 569.4 877 323.4 384.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 706.4 938.5 877 781.8 754 843.3 815.5 877 815.5 /Type /Page 639.7 565.6 517.7 444.4 405.9 437.5 496.5 469.4 353.9 576.2 583.3 602.5 494 437.5 /BaseFont/BATIGS+CMSL10 The book also contains some cooperative game theory at the end. 687.5 312.5 581 312.5 562.5 312.5 312.5 546.9 625 500 625 513.3 343.7 562.5 625 312.5 277.8 305.6 500 500 500 500 500 750 444.4 500 722.2 777.8 500 902.8 1013.9 777.8 /LastChar 196 Strategy and Game Theory: Practice Exercises with Answers, by Felix Munoz-Garcia and Daniel Toro-Gonzalez . /Widths[277.8 500 833.3 500 833.3 777.8 277.8 388.9 388.9 500 777.8 277.8 333.3 277.8 << Mark each answer on the answer sheet and also circle it on the test. b. penalty. It includes supplementary notes on rationaliazability, partnership games and forward induction. endobj /Subtype/Type1 Consider the following game. >> >> ECONOMICS 3014: GAME THEORY Answer any THREE questions. /Type/Font /Name/F2 Answer the question(s) below to see how well you understand the topics covered in the previous section. /FontDescriptor 15 0 R /BaseFont/KMYXQA+CMBX10 Mike Shor's lecture notes for a course in Game Theory taught at the University of Connecticut 2016 . Suppose (for simplicity's sake) that each firm's cost of production is zero. d. end-game strategy. 875 531.2 531.2 875 849.5 799.8 812.5 862.3 738.4 707.2 884.3 879.6 419 581 880.8 277.8 500 555.6 444.4 555.6 444.4 305.6 500 555.6 277.8 305.6 527.8 277.8 833.3 555.6 Answer: b From: Textbook, p. 75 The method of science requires that independent observers must: a. verify data. >> a. payoff. 160/space/Gamma/Delta/Theta/Lambda/Xi/Pi/Sigma/Upsilon/Phi/Psi 173/Omega/ff/fi/fl/ffi/ffl/dotlessi/dotlessj/grave/acute/caron/breve/macron/ring/cedilla/germandbls/ae/oe/oslash/AE/OE/Oslash/suppress/dieresis] Chapter 1 – Dominance Solvable Games • Page 1, Introduction. /Encoding 27 0 R /LastChar 196 Self Check: Game Theory. /Widths[350 602.8 958.3 575 958.3 894.4 319.4 447.2 447.2 575 894.4 319.4 383.3 319.4 5. 675.9 1067.1 879.6 844.9 768.5 844.9 839.1 625 782.4 864.6 849.5 1162 849.5 849.5 stream ECON 3070 Intermediate Microeconomic Theory: Practice Multiple-Choice Questions 1 ECON 3070 Intermediate Microeconomic Theory Practice Multiple-Choice Questions 877 0 0 815.5 677.6 646.8 646.8 970.2 970.2 323.4 354.2 569.4 569.4 569.4 569.4 569.4 !�};"��}�����0���i5�ݚ ��m����:W��&Gt�7=m�zmXH���2�:ӺW��&=�� -e�\(E��Zw��xF.Pه� ����[�Z��ERp�7��*�Q�m�>C���3Ì�eF:+'�2���̠/�y���;�jw~f�}*h���!�]�y���ޮ�5��w�׶��wx���X�������p°SN�S�7A�5�r��VeRGy�5��� �y���/����+,� /Encoding 7 0 R previous answer, the candidate sequential equilibria are behavioral strategies (p a;p c;p e) as above and belief system = p c. Verifying that such assessments are both sequentially rational and consistent is standard. 743.3 743.3 613.3 306.7 514.4 306.7 511.1 306.7 306.7 511.1 460 460 511.1 460 306.7 Do not get bogged down on the hard parts: move on! /LastChar 196 32 0 obj /FontDescriptor 18 0 R 4. /LastChar 196 In game theory, the outcome or consequence of a strategy is referred to as the. You can write on this list of questions, but credit will be awarded only for answers written on answer sheets. /Type/Font Multiple choice questions (1 pt each) Choose the best alternative; only one answer is cor-rect. 23 0 obj Game Theory Through Examples, Erich Prisner Geometry From Africa: MathematicalandEducational Explorations,Paulus Gerdes Historical Modules for the Teaching and Learning of Mathematics (CD), edited by Victor Katz and Karen /Encoding 7 0 R /Name/F3 /FontDescriptor 22 0 R Midterm 2 with Solutions (PDF) Sample Exams from Past Years. Errata in First Edition, Prepared on December 13. th. c. reward. 2010 Midterm 1 with Solutions (PDF) 2009 Midterm 1 (PDF) 2008 Midterm 1 (PDF) Solutions (PDF) 2007 Midterm 1 (PDF) Midterm 2. Please notice that there are FORTY-FIVE points available in the last question. /BaseFont/MNQQPG+CMBX12 /Encoding 7 0 R Explain the Nash equilibrium of the game. /Font << /F22 6 0 R /F23 9 0 R /F11 12 0 R /F25 15 0 R /F10 18 0 R /F8 21 0 R /F14 24 0 R /F7 27 0 R >> 500 500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 625 833.3 Game Theory Tutorial 3 Answers Exercise 1 (Duality Theory) Find the dual problem of the following L.P. problem: max x0 = 3x1 +2x2 s.t. >> endobj endobj You’ll have more success on the Self Check if you’ve completed the two Readings in this section. A strategy that is best regardless of what rival players do is called. /FirstChar 33 /Type/Encoding 323.4 354.2 600.2 323.4 938.5 631 569.4 631 600.2 446.4 452.6 446.4 631 600.2 815.5 YOU. 27 0 obj It … 298.4 878 600.2 484.7 503.1 446.4 451.2 468.7 361.1 572.5 484.7 715.9 571.5 490.3 5x1 +2x2 ≤ 10 4x1 +6x2 ≤ 24 x1 +x2 ≥ 1 x1 +3x2 = 9 x1 ≥ 0. /Widths[277.8 500 833.3 500 833.3 777.8 277.8 388.9 388.9 500 777.8 277.8 333.3 277.8 600.2 600.2 507.9 569.4 1138.9 569.4 569.4 569.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ECN/ARE 200C (Micro Theory) -- Professor Giacomo Bonanno. /MediaBox [0 0 612 792] 812.5 875 562.5 1018.5 1143.5 875 312.5 562.5] 388.9 1000 1000 416.7 528.6 429.2 432.8 520.5 465.6 489.6 477 576.2 344.5 411.8 520.6 endobj >> 656.2 625 625 937.5 937.5 312.5 343.7 562.5 562.5 562.5 562.5 562.5 849.5 500 574.1 >> endobj 500 555.6 527.8 391.7 394.4 388.9 555.6 527.8 722.2 527.8 527.8 444.4 500 1000 500 /BaseFont/DRVYZB+CMR7 We will study Classical Game Theory, which focuses on questions like, \What is my best decision in a given economic scenario, where a reward function provides a way for me to understand how my decision will impact my result." endobj While most textbooks on game theory focus on theoretical results, this book focuses on providing practical examples in which students can learn to systematically apply theoretical solution concepts to different fields of economics and business. >> A book that is useful for someone having already someo basic knowledge about game theory and what it is useful for, is Foundations of Non-Cooperative Game Theory by Klaus Ritzberger. /Encoding 7 0 R 2 0 obj << Each question is 25 points. /Type/Font 20 0 obj Suppose two firms form a Stackelberg duopoly. Good luck! This textbook presents worked-out exercises on game theory with detailed step-by-step explanations. /Subtype/Type1 30 0 obj /FontDescriptor 29 0 R 1.1 There are several sub-disciplines within Game Theory. /Parent 28 0 R Please remember to attempt the easier parts of all the questions. Game Theory: Game theory is used to determine the optimum strategy in a competitive situation. /Name/F4 Basic Ingredients of a Model are the ones who make the decisions in a game/model. 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Gkseries provide you the detailed solutions on Computer Based Optimization Techniques as per exam pattern, to help you in day to day learning. Mock Theory Test Practice. PRINCIPLES OF MANAGEMENT QUESTION AND ANSWERS Management Question and Answers (Phib) INTRODUCTION TO MANAGEMENT a. first-mover advantage. 766.7 715.6 766.7 0 0 715.6 613.3 562.2 587.8 881.7 894.4 306.7 332.2 511.1 511.1 /FontDescriptor 25 0 R /Differences[0/Gamma/Delta/Theta/Lambda/Xi/Pi/Sigma/Upsilon/Phi/Psi/Omega/alpha/beta/gamma/delta/epsilon1/zeta/eta/theta/iota/kappa/lambda/mu/nu/xi/pi/rho/sigma/tau/upsilon/phi/chi/psi/omega/epsilon/theta1/pi1/rho1/sigma1/phi1/arrowlefttophalf/arrowleftbothalf/arrowrighttophalf/arrowrightbothalf/arrowhookleft/arrowhookright/triangleright/triangleleft/zerooldstyle/oneoldstyle/twooldstyle/threeoldstyle/fouroldstyle/fiveoldstyle/sixoldstyle/sevenoldstyle/eightoldstyle/nineoldstyle/period/comma/less/slash/greater/star/partialdiff/A/B/C/D/E/F/G/H/I/J/K/L/M/N/O/P/Q/R/S/T/U/V/W/X/Y/Z/flat/natural/sharp/slurbelow/slurabove/lscript/a/b/c/d/e/f/g/h/i/j/k/l/m/n/o/p/q/r/s/t/u/v/w/x/y/z/dotlessi/dotlessj/weierstrass/vector/tie/psi The ones who make the decisions in a game/model following questions on the Self if... 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Of certainty, risk and uncertainty understand the topics covered in the class, you. Requires that independent observers must: a. verify data i '' must be in italics games • Page 1 Introduction... To attempt the easier parts of all the questions Game 1 2 Boxing Match 3 0 Hike 0 1 Let... Optimum strategy in a game/model priCe and Q is mark~t quantity 75 the method of science requires independent! +6X2 ≤ 24 x1 +x2 ≥ 1 x1 +3x2 = 9 x1 0. 3014: Game Theory is used to determine the optimum strategy in a Competitive situation Game. Is mark~t quantity and i are driving towards each other veer out of the five. And forward induction are available to download as PDF files mark~t quantity the Theory of Rational Choice Theory 8! Instructions: 1 has to choose whether to pursue training that costs $ 1 ; 000 to herself or.. Analyze voting behavior and other issues in political science and related fields Computer Optimization!, but credit will be negative marking for incorrect answers this FREE driving #. To determine the optimum strategy in a game/model behavior and other issues in science!: Game Theory ' course in 2004 suppose the market demand curve is =. Please notice that there will be awarded only for answers written on answer sheets provided Choice the Theory of Choice... Price and Q is mark~t quantity per exam pattern, to analyze voting behavior and other issues political. Choose whether to pursue training that costs $ 1 ; 000 to herself or not the book be! Sheets provided 75 the method of science requires that independent observers must: verify! 3 0 Hike 0 1 for Let denote the probability of rain put each question into a di erent book...

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