Rock-Paper-Scissors Lisa Rock Раper Scissors Rock 0,0 - 1,1 1,-1 Bart Paper 1,-1 0,0 –1,1 Scissors - 1,1 1,-1 0,0

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
ChapterA: The Use Of Mathematics In Principles Of Economics
Section: Chapter Questions
Problem 3RQ: Exercise A3 What dome slices of a pie chart represent?
icon
Related questions
Question

The childhood game of Rock–Paper–Scissors is shown in the accompanying figure. Show that each player’s assigning equal probability to his or her three pure strategies is a symmetric Nash equilibrium.

Rock-Paper-Scissors
Lisa
Rock
Раper
Scissors
Rock
0,0
- 1,1
1,-1
Bart Paper
1,-1
0,0
–1,1
Scissors
- 1,1
1,-1
0,0
Transcribed Image Text:Rock-Paper-Scissors Lisa Rock Раper Scissors Rock 0,0 - 1,1 1,-1 Bart Paper 1,-1 0,0 –1,1 Scissors - 1,1 1,-1 0,0
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Nash Equilibrium
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax