# Sample Game Theory Economic Questions & Answers

Question 1: Poison Cookie

I prefer being the first player in the Poison Cookie, and since the board has the same number of columns and rows, n>1. As the first player, the winning strategy will require picking out a square that leaves the 8 x 8 board symmetric to the diagonal of the court, going from the top right corner to the bottom right corner. Additionally, I will ensure that after every move I make, I leave the board symmetric like it was. The first player should follow closely and mirror the second player’s moves throughout the game. This trick gives the former player a masterable turn since the board is left symmetric after each turn.

Question 2: Agenda Setting

Since the liberals are controlling Congress, they set the agenda (the voting order). Nevertheless, to ensure that the preferred result is achieved, the liberals should use option one (Complete vs. Partial, then, winner vs. None). Option one necessitates that voting is first done for Partial nationalization vs. Complete nationalization. The winner in the Complete vs. Partial poll will battle it out with none. This approach will be advantageous since it ensures that health insurance remains denationalized. For this case, Complete nationalization wins between Conservatives versus Moderates, as Partial nationalization wins between Moderates versus Liberals. Again, Complete nationalization wins between Liberals versus Conservatives. As a result, Complete nationalization is declared Condorcet winner in the voting tally between Complete nationalization vs. Partial nationalization.

The Condorcet winner, Complete nationalization, will go against Complete privatization. The case will be seconded by the winners earlier, that is, Moderates’ and Liberals’ nationalization. In the votes between Liberals and Conservatives, nationalization wins, while in the battle between Conservatives and Moderates, privatization wins. Regarding the results above, the liberals must utilize the first option since it will ensure complete nationalization, and thus, the preferred results will have been achieved.

Question 3: Geek Russian Roulette

What is economic game theory implementation in Geek Russian Roulette? Because Geek Russian Roulette is a two-player game, I prefer starting it. It will allow me to control the game and gain added advantage over the second player. The exact number of alphabets is 26, showing that my opponent can only call out a word up to three letters further in the alphabet after calling out my word. The secret strategy that will win the game is that, as the first player, I will call out a number that restricts my opponent to only two options, odd numbers, or a number divisible by three. To ensure that I win the game, I will always limit my opponent to the two options. Therefore, he cannot call out 26, which is neither divisible by three nor an odd number.

Question 4: Jar Game

Unlike games like Geek Russian Roulette and Poison Cookie, economic game theory principles prompt me to be the second player in the Jar Game. The first player will make his first move, as I keenly observe. The winning strategy for this game will entail putting several coins in the jar in such a way as to result in an odd number when added with the first player’s contributions and the number of pennies in the jar. Additionally, I will ensure that the constant number of coins in the jar is 21; thus, it will be easier to understand the opponent’s move and the number of pennies the opponent added into the jar (Hubbard & O’ Brien, 2017). After player one makes a move, it will be easier for the second player to calculate how many coins to put in the jar to ensure there are 21 or more pennies.

## References

Hubbard, R. G., and A. P. O’Brien. (2017). Microeconomics. 6th ed. Upper Saddle River, NJ: Pearson Prentice Hall.