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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 13 The Dollar Auction.

Multiple Choice Questions

1. Which one of von Neumann's colleagues' family had been a member of the House of Lords?
(a) Russell.
(b) Nash.
(c) Flood.
(d) Alchian.

2. What was the bomb called that von Neumann developed which became the basis for later nuclear device development?
(a) The ICBMs.
(b) The "fat man" bomb.
(c) The "trapdoor."
(d) The "bully" bomb.

3. What General believed it was justified to use nuclear weapons in Korea to prevent a North Korean and Chinese victory?
(a) LeMay.
(b) MacArthur.
(c) Eisenhower.
(d) Pershing.

4. The minimax theorem states that every two-person game that is completely defined and where players are completely opposed, will have a solution in either ____ or mixed strategy.
(a) Maximum.
(b) Equal.
(c) Pure.
(d) Minimum.

5. In what year did Shubik publish the dollar auction game?
(a) 1985.
(b) 1976.
(c) 1969.
(d) 1971.

Short Answer Questions

1. Due to his deteriorating health von Neumann was confined to a wheelchair in ___.

2. Game theory as developed by von Neumann revolutionized a variety of fields not just mathematics, but economics, biology and ___.

3. When you make a decision in a game that you think your opponent will make, you are using a minimax or ___ strategy.

4. Bertrand Russell is a ___.

5. Who first suggested nuclear warfare as a game of chicken?

(see the answer key)

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