KarGillll Created on : दिसंबर 09, 2024 | By CB.IN Mock Test PASSAGE -1 Pick out the word that is most nearly the opposite in meaning of the word given in capitals. 1. Which of the following best defines a Nash equilibrium? (A) A situation where one player wins and the other loses. (B) A situation where no player can improve their payoff by unilaterally changing their strategy. (C) A situation where all players maximize joint payoffs. (D) A situation where players collaborate to achieve a common goal. 2. In a non-cooperative game, each player chooses their strategy: (A) Independently, without collaboration. (B) By coordinating with other players. (C) Based on collective interest. (D) After consulting a third party. 3. Which of the following is true about Nash equilibrium in a game? (A) All players have the same payoff. (B) No player has an incentive to deviate from their chosen strategy. (C) It ensures maximum social welfare. (D) Players cooperate to achieve the best outcome. 4. A Nash equilibrium can be defined as a situation in which: (A) Each player is doing the best they can, given the other player’s strategy. (B) Each player receives the same payoff. (C) All players are satisfied with their payoffs. (D) The total payoff is maximized. 5. In a game with two players, a Nash equilibrium occurs when: (A) Both players are playing dominant strategies. (B) Both players are playing mixed strategies. (C) Neither player can improve their payoff by changing their strategy, assuming the other’s strategy remains unchanged. (D) The players’ payoffs are equal. 6. Which of the following is not a feature of non-cooperative games? (A) Independent decision-making. (B) Mutual agreements between players. (C) Strategic interaction. (D) Competitive behavior. 7. A pure strategy Nash equilibrium occurs when: (A) Players randomly select their strategies. (B) Each player’s chosen strategy gives them the best possible payoff, given the strategy of the other player(s). (C) Players are indifferent between strategies. (D) Payoffs are equally distributed. 8. In a Nash equilibrium: (A) One player always dominates the other. (B) Players may have no incentive to cooperate even if cooperation would improve outcomes for both. (C) Players always reach the highest joint payoff. (D) Players can always increase their payoff by switching strategies. 9. The Nash equilibrium concept applies primarily to: (A) Cooperative games. (B) Zero-sum games. (C) Non-cooperative games. (D) Games with multiple players. 10. Which of the following is a common application of Nash equilibrium? (A) Price setting in competitive markets. (B) Formation of international trade agreements. (C) Determining voting behavior in elections. (D) Negotiations in cooperative bargaining. 11. In a Nash equilibrium for a two-player game: (A) Players have no knowledge of each other’s strategies. (B) Players know each other’s strategies but cannot improve by deviating. (C) Players will always play their dominant strategies. (D) Players can always increase their payoffs through communication. 12. A Nash equilibrium can involve: (A) Only pure strategies. (B) Only mixed strategies. (C) Either pure or mixed strategies. (D) Cooperation between players. 13. Which of the following statements about non-cooperative games is true? (A) Players can negotiate binding agreements. (B) Players act independently and in their own self-interest. (C) Players aim to maximize joint payoffs. (D) Players always adopt dominant strategies. 14. Which of the following games typically have Nash equilibria? (A) Only cooperative games. (B) Only zero-sum games. (C) Both cooperative and non-cooperative games. (D) Non-cooperative games. 15. In the prisoner’s dilemma, the Nash equilibrium leads to: (A) Cooperation between players. (B) A suboptimal outcome for both players. (C) The best possible payoff for both players. (D) One player gaining while the other loses. 16. Which of the following is a necessary condition for a Nash equilibrium? (A) Perfect information. (B) No player can benefit from deviating unilaterally. (C) Players must be cooperative. (D) The sum of payoffs must be maximized. 17. The concept of Nash equilibrium is named after which economist? (A) Adam Smith. (B) John Nash. (C) Paul Samuelson. (D) Milton Friedman. 18. Which statement is true in the context of Nash equilibrium? (A) A Nash equilibrium always results in the best collective outcome for players. (B) Every game has at least one pure strategy Nash equilibrium. (C) No player can unilaterally improve their payoff in a Nash equilibrium. (D) Nash equilibria are always unique. 19. In a mixed strategy Nash equilibrium: (A) Players randomize over strategies in a way that makes opponents indifferent. (B) Players cooperate to achieve a higher payoff. (C) All players receive equal payoffs. (D) Players choose dominant strategies. 20. In non-cooperative games, communication between players is: (A) Required for the game to proceed. (B) Allowed but non-binding. (C) Prohibited and irrelevant to the game outcome. (D) Usually unnecessary for establishing strategies. 21. In game theory, a strategy is considered dominant when it: (A) Always results in a lower payoff. (B) Is the best response, no matter what the other players do. (C) Is never played in equilibrium. (D) Depends on the strategies of other players. 22. A Nash equilibrium in a game can be: (A) Both a dominant and a mixed strategy equilibrium. (B) Only a pure strategy equilibrium. (C) Only a dominant strategy equilibrium. (D) Achieved only if players cooperate. 23. The existence of a Nash equilibrium is guaranteed in games that: (A) Have at least one player with a dominant strategy. (B) Are cooperative. (C) Have finite strategy sets and allow for mixed strategies. (D) Are repeated over time. 24. In which of the following games does the Nash equilibrium not lead to a Pareto-efficient outcome? (A) Prisoner’s Dilemma . (B) Stag Hunt. (C) Battle of the Sexes. (D) Zero-sum games. 25. In a mixed strategy Nash equilibrium, each player: (A) Randomizes over available strategies to maximize their expected payoff. (B) Chooses one pure strategy and sticks to it. (C) Cooperates with the other player to reach a solution. (D) Has no preference between strategies. Submit Reset Tags -
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