Game Theory quiz
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What is it called when no player gains by switching alone?
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More questions about Game Theory
These visible examples show the question style. LearnClash turns the full topic into ranked duels and spaced repetition.
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Which road device is the classic correlated equilibrium example?
Answer: Traffic light
Why: Robert Aumann introduced correlated equilibrium in 1974: a shared signal privately tells each player what to do.
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What do you call solving a game starting from its last move?
Answer: Backward induction
Why: Backward induction says the first player in the centipede game stops at once, yet in a 1992 experiment few did.
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Which test rules out equilibria built on empty threats?
Answer: Subgame perfection
Why: Reinhard Selten proposed it in 1965: play must be rational at every stage, even in parts of the game never reached.
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What kind of game is a voluntary trade?
Answer: Positive-sum game
Why: Trade can be positive-sum because each side values what it receives more than what it gives up.
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What signals a worker's ability in Spence's job market model?
Answer: Education
Why: Even schooling that teaches nothing useful works as a signal, because it costs able workers less effort than others.
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How few firms does Bertrand's model need to push price down to cost?
Answer: Two
Why: Any price above cost lets the rival undercut it slightly and take the whole market, so prices fall until profits vanish.
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