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Game Theory: Examples & Applications

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

If you were tossed into the middle of the prisoner's dilemma, what would be the best choice of action to choose the best possible outcome for you?

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1. Why is game theory used in social science?

2. Why would one argue that the prisoner's dilemma is the most famous example of game theory?

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About This Quiz & Worksheet

The purpose of game theory is to predict outcomes, and this quiz/worksheet combo will help test your understanding of it. You will be assessed on your understanding of the theory and its concepts.

Quiz & Worksheet Goals

In these assessments you'll be tested on your understanding of:

  • Principles of game theory
  • The Prisoner's Dilemma

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related theory lesson
  • Making connections - use understanding of game theory
  • Interpreting information - verify that you can read information regarding game theory and interpret it correctly
  • Defining key concepts - ensure that you can accurately define main phrases, such as Prisoner's Dilemma
  • Information recall - access the knowledge you've gained regarding game theory
  • Knowledge application - use your knowledge to answer questions about game theory

Additional Learning

To learn more about game theory, review the accompanying lesson Game Theory: Examples & Applications. This lesson covers the following objectives:

  • Learn the principles of game theory
  • Understand the Prisoner's Dilemma
  • Identify and define examples of game theory
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