Chapter 24

Game theory can be
1. choosing between alternative strategies
2. a competition
3. a contest
4. all of these
A payoff matrix will be known to
1. Player A
2. Player B
3. Both Players
4. Neither Player
Players will select possible strategies a certain proportion of the time
1. in a pure-strategy game
2. in a mixed-strategy game
3. in both of these
4. in neither of these
The size of the payoff matrix can be reduced using
1. the rule of pure strategy
2. the rule of mixed strategy
3. the principle of expected gains
4. the principle of dominance
Given the following payoff, answer questions 5 and 6

The saddle point
1. is 12
2. is 18
3. is 6
4. is -8
5. does not exist
This is a
1. mixed-strategy game
2. pure-strategy game
Given the following payoff, answer questions 7 and 8.

The saddle point
1. is 8
2. is 15
3. is 10
4. is 7
5. does not exist
This is a
1. mixed-strategy game
2. pure-strategy game