Rock paper scissors, Game Theory

Scenario

To determine who is needed to try to to the nightly chores, 2 youngsters simultaneously build one among 3 symbols with their fists - a rock, paper, or scissors. straightforward rules of "rock breaks scissors, scissors cut paper, and paper covers rock" dictate that image beats the opposite. If each symbols are identical, the sport may be a tie. just like the two-strategy Matching Pennies game.

Description

The game is zero add. the sole equilibrium is in mixed methods. every plays every strategy with equal chance, leading to an expected payoff of zero for every player.

Example



Child 2



rock

paper

scissors

Child 1

rock

0,0

-1,1

1,-1

paper

1,-1

0,0

-1,1

scissors

-1,1

1,-1

0,0

General Form



Player 2



L

C

R

Player 1

U

a,r

b,u

c,x

M

d,s

e,v

f,y

D

g,t

h,w

i,z

Where the following relations hold:
c = d = h = -b = -f = -g; a = e = i = 0 
t = u = y = -s = -w -x; r = v = z = 0

 

Posted Date: 7/21/2012 5:05:30 AM | Location : United States







Related Discussions:- Rock paper scissors, Assignment Help, Ask Question on Rock paper scissors, Get Answer, Expert's Help, Rock paper scissors Discussions

Write discussion on Rock paper scissors
Your posts are moderated
Related Questions
An equilibrium refinement provides how of choosing one or many equilibria from among several in a very game. several games might contain many Nash equilibria, and therefore supply

Game Theory has evolved since its origins as an idea exercise for educational mathematicians. Taught in prime business faculties, economics departments, and even military academies

Players 1 and 2 are bargaining over how to split one dollar. Both players simultaneously name shares they would like to keep s 1 and s 2 . Furthermore, players' choices have to be

While ancient auctions involve one seller and plenty of consumers, a reverse auction typically involves several sellers and one buyer. for instance, procurement auctions are used t

Consider the electoral competition game presented in Lecture 6. In this game there are two candidates who simultaneously choose policies from the real line. There is a distribution

1. Find all NE of the following 2×2 game. Determine which of the NE are trembling-hand perfect. 2. Consider the following two-person game where player 1 has three strategie

The title of a "player" who selects from among her methods randomly, primarily based on some predetermined chance distribution, instead of strategically, primarily based on payoffs

A type of trigger strategy sometimes applied to the repeated Prisoner's Dilemma during which a player responds in one amount with identical action her opponent utilized in the last


recently i joined a network marketing company called ebiz.com. am worried about its legality and functioning.. please help if netwok marketing works?