Game theory

What is Game Theory primarily concerned with?

In the context of Game Theory, what is a Nash Equilibrium?

Which of the following is a characteristic of a zero-sum game?

What does the term 'dominant strategy' mean in Game Theory?

In which type of game can players communicate and coordinate their strategies?

What is a 'Pareto Optimal' outcome in Game Theory?

Which of the following is an example of a non-zero-sum game?

What does 'mixed strategy' refer to in Game Theory?

What is the primary goal of players in Game Theory?

What is the 'Prisoner's Dilemma' an example of?

In Game Theory, what does 'rationality' imply about players?

Which of the following is NOT a part of Game Theory?

How does Game Theory apply to economics?

What is the significance of a 'Payoff Matrix'?

Which scenario best illustrates a 'sequential game'?

What is a 'best response' in Game Theory?

What is the role of 'backward induction' in sequential games?

Which situation is an example of a 'dominant strategy equilibrium'?