5. Choice and Chance

Question 1

What is the principle of rejection?

Answer 1

If someone proposes a game or deal, think about what they might know that you don’t

Question 2

How can mixed strategies be exploited?

Answer 2

If there’s any sort of pattern, that can be exploited

Question 3

What is a mixed strategy?

Answer 3

A strategy involving randomization

Question 4

What is a pure strategy?

Answer 4

A deterministic strategy

Question 5

What is true about the prevalence of cooperative games?

Answer 5

They’re much more prevalent than zero-sum games

Question 6

What is the minimax theorem?

Answer 6

In zero-sum games, one player should minimize opponent’s maximum payoff and maximize their own minimum payoff (only works for two-player zero-sum games)

Question 7

What is the principle of surprise?

Answer 7

Surprise the enemy by surprising yourself: keep your options open as long as possible and choose randomly at the last minute

Question 8

What is the payoff paradox?

Answer 8

Changing a player’s payoffs changes their opponent’s strategy

Question 9

What is the principle of proportional punishment?

Answer 9

The statistically expected punishment should fit the crime

Question 10

What is the principle of weakness improvement?

Answer 10

The point of improving your weaknesses is not to have to use them as often