Rock-Paper-Scissors and Cycle-Based Games

The present work characterizes the unique Nash equilibrium for games that are based on a cyclic preference relation. In the Nash equilibrium of these games, each player randomizes between three specific actions. In particular, an alternative way of deriving the unique Nash equilibrium of the Rock-Paper-Scissors game is proposed.

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Year of publication:	2011
Authors:	Bahel, Eric
Institutions:	Department of Economics, Virginia Polytechnic Institute and State University (Virginia Tech)
Subject:	cycle \| Nash equilibrium \| prudent strategy

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	8 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009652541