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3 Suppose o and I play the game veck-paper- scisser twice Xesume mixed stratejos (ran domi zng ng the tree actine) do you are not albuad Hoe have?

3 Suppose o and I play the game veck-paper- scisser twice Xesume mixed stratejos (ran domi zng ng the tree actine) do you are not albuad Hoe have?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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O Suppose goa twice Aisume mixed stratojes (ran domi zing among the three artions) do jou hawe? and I play the game reck- -paper-scissor are not albuad. How
Transcribed Image Text:O Suppose goa twice Aisume mixed stratojes (ran domi zing among the three artions) do jou hawe? and I play the game reck- -paper-scissor are not albuad. How
Expert Solution
Step 1

Rock paper scissor game is associated with payoff such that :

=> Simultaneous game .

=> If both player choose same strategy payoffs are zero .

=> Player with winning strategy gets (1) and looser (-1)

      Player 2   
    Rock  Paper Scissor
Player 1  Rock  0,0 -1,1 1,-1
 

Paper 

 1,-1 0,0 -1,1
  Scissor -1 , 1 1, -1 0 , 0
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