Question 1
(A figure from the original paper is missing from the source site.)
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(A figure from the original paper is missing from the source site.)
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Choose the incorrect statement
This game is a symmetric game
This game has a symmetric Nash equilibrium
Under the Nash equilibrium each player chooses P=15
This game has unique Nash equilibrium
An item is up for auction. Player 1 values the item at 5 while player 2 values the item at 4. Each player can bid either 0, 1 or 2. If player i bids more than player j then i wins the item and pays his bid, while the loser does not pay. If both players bid the same amount, then a coin is tossed to determine who the winner is, who gets the item and pays his bid while the loser pays nothing. Formulate the game in matrix form and answer the given sub questions.
Which player does not have strictly dominated strategy?
Player 1
Player 2
None
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The IIT Madras BS Game Theory and Strategy (Game Theory) Quiz 1 paper sat on 19 Jul 2026, in the May 2026 term: 16 questions for 25 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.
| Feature | Game Theory Quiz 1 19 Jul 2026 at a glance |
|---|---|
| Term | May 2026 term |
| Subject | Game Theory and Strategy |
| Course code | BSMS4023 |
| Questions | 16 |
| Marks | 25 |
| Duration | 120 min |
| MCQ | 15 |
| Numerical | 1 |
| Official paper | Game Theory And Strategy 16 Jul 26 |
| Negative marking | No negative marking. |
| Updated |