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Paper / Subject Code: 42378 / Game Theory for Data Science

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Time: 3 hours Max. Marks: 80

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N.B. (1) Question No. 1 is compulsory.

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(2) Attempt any three questions from remaining five questions.

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(3) All questions carry equal marks.

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(4) Assume suitable data, if required and state it clearly.

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Q1. Attempt any four. 20

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a. List and describe the essential elements of a game in the context of game theory

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b. Compare non-cooperative games with cooperative games.

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c. Explain the significance of the discount factor in the context of repeated games. How does
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it affect the players' strategies and outcomes over multiple rounds?

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d. Define what is meant by "mechanism design" in the context of aggregating preferences.

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e. What do you mean by bargaining in context of game theory.


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Q2.a) Write two real-world applications of game theory and explain how it has been used to
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b) Explain in detail the prisoner’s dilemma (PD) with payoff matrix and with suitable
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examples.
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Q3.a) Define Bayesian Nash Equilibrium and find the value of p according to BNE in below given
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payoff matrices. 20
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b) Refer the below payoff matrix and identify the strategic game involved in it and describe it in
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44249 Page 1 of 2
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b) Repeated Games
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a) VCG mechanisms.
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Explain with examples.
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Q6. Write short note on any two
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Q4 a) Explain zero sum games in non-cooperative games

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c) Computing Solution Concepts of Normal – Form Games

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Q5.a) Explain subgame perfect Nash equilibrium in game theory

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Paper / Subject Code: 42378 / Game Theory for Data Science

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b) Discuss the concept of optimality and concept of Pareto efficiency in the context of game

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b) What do you mean games with Perfect Information and games with imperfect information.

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