Question: 1. (A) what is meant by the term Game Theory? (b) Identify some Basic Ideas and Examples of Games. (c) Explain Probability, Relief and Prediction

1. (A) what is meant by the term "Game Theory"?
(b) Identify some Basic Ideas and Examples of Games.
(c) Explain Probability, Relief and Prediction as they relate to Game Theory.
2. Discuss the notion of Strategic Thinking as Strategic Games as they relate to Game Theory.
3. (A) what are Sequential Move Games?
(b) What is involved in "Game Tree": Rollback Reasoning?
(c) Identify the Structural Elements of a Game (Strategic Interaction)?
4. Discuss Simultaneous Moves Games and Nash Equilibrium Concept.
5. (A) what is meant by "Mixed Strategy"?
(b) How useful can the following be in relation to Game Theory?
Combing Games with Simultaneous and Sequential Moves.
Reasoning with Probability and Mixed Strategies
Uncertainty and Information Risk (Signaling and Screening)
6. Highlight and discuss the main features of and processes involved in the following.
Strategic Moves (Credibility in Commitments)
The Prisoner's Dilemma and Repeated Games
Collective Action Games
Evolutionary Games
Auctions
Bargaining (Voting)
7. Complete the following task based on your knowledge of Game Theory.
(a) Identify the category into which EACH type of game (listed below) falls.
Monopoly
Poker
Bingo
Chess
Scrabble
Any THREE TV Games
(c) Relate the strategies used in each game to Business and Marketing Strategies.

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