### MCQs of Game Theory

Showing 1 to 10 out of 38 Questions
1.

A two-person zero-sum game means that the

 (a) the sum of losses to one player is equal to the sum of gains to other (b) the sum of losses to one player is not equal to the sum of gains to other (c) no any player gains or losses (d) none of these
2.

Game theory models are classified by the

 (a) number of players (b) sum of all payoffs (c) number of strategies (d) all of these
3.

A game is said to be fair if

 (a) both upper and lower values of the game are the same and zero (b) upper and lower values of the game are not equal (c) upper value is more than the lower value of the game (d) none of these
4.

What happens when maximin and minimax values of the game are same?

 (a) no solution exists (b) solution is mixed (c) saddle point exists (d) none of these
5.

A mixed strategy game can be solved by

 (a) algebraic method (b) matrix method (c) graphical method (d) all of these
6.

The size of the payoff matrix of a game can be reduced by using the principle of

 (a) game inversion (b) rotation reduction (c) dominance (d) game transpose
7.

The payoff value for which each player in a game always selects the same strategy is called the

 (a) saddle point (b) equilibrium point (c) both (a) and (b) (d) none of these
8.

Games which involve more than two players are called

 (a) conflicting games (b) negotiable games (c) N-person games (d) all of these
9.

When the sum of gains of one player is equal to the sum of losses to another player in a game, this situation is known as

 (a) biased game (b) zero-sum game (c) fair game (d) all of these
10.

When no saddle point is found in a payoff matrix of a game, the value of the game is then found by

 (a) reducing the size of the game to apply the algebraic method (b) solving any one 2x2 subgame (c) finding the average of all the values of the payoff matrix (d) none of these
Showing 1 to 10 out of 38 Questions