1. Introduction
Components Of A Formal Model — Quiz
Test your understanding of components of a formal model with 5 practice questions.
Practice Questions
Question 1
In a formal model of a game, what does the term "players" refer to?
Question 2
Which component of a game model describes the set of moves each player can choose from?
Question 3
What are payoffs in a game model?
Question 4
What does the information in a formal model tell us?
Question 5
In a business pricing game, the firms choosing prices are best described as: