A Student Is Taking a Five-Question True/false Test

question 100

Short Answer

A student is taking a five-question true/false test. If the student chooses answers at random, what is the probability of getting all questions correct?

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Definitions:

Dominant Strategy

A strategy in game theory that yields the best outcome for a player, regardless of what the other players do.

Payoff

The gain or loss that an investor or a player in a game receives as a result of a particular action or decision.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy if the strategies of the other players remain unchanged.

Payoff

The return or reward from an investment or decision, often evaluated in terms of profit or benefit gained.