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
Chapter22: Inflation
Section: Chapter Questions
Problem 18RQ: What is deflation?
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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
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