Lecture+17+quiz - B. Outcome array. C. Game box. D. Payoff...

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Question 1: What is the name for a game in which all of the players move at the same time? A. Simultaneous move game. B. Parallel move game. C. One-shot game. D. Simple game. E. Non-strategic game. Quiz: Problem sets are due by the end of question 4. Question 2: What is the name for a game in which one player moves first, and then another, and so on? A. Staggered move game. B. Non-parallel move game. C. Multiplayer game. D. Complex game. E. Sequential move game., Quiz: Problem sets are due by the end of question 4.
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Question 3: What is the name for the grid in this illustration? A. Outcome grid.
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Unformatted text preview: B. Outcome array. C. Game box. D. Payoff matrix. E. Nash matrix. Quiz: Problem sets are due by the end of question 4. Question 4: In a sequential move game, what is the main difference between Nash Equilibrium (NE) and Subgame Perfect Equilibrium (SPE)? A. SPE prevents players from moving at the same time. B. SPE guarantees that the outcome will be optimal for all players. C. SPE prevents outcomes that depend upon non-credible threats. D. SPE guarantees that the first player will always have an advantage. Quiz: Problem sets are due by the end of question 4....
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This note was uploaded on 02/07/2011 for the course ECON 100A taught by Professor Woroch during the Fall '08 term at University of California, Berkeley.

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Lecture+17+quiz - B. Outcome array. C. Game box. D. Payoff...

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