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Rock, Paper, Scissors is a game in which two players simultaneously display one

ID: 1195461 • Letter: R

Question

Rock, Paper, Scissors is a game in which two players simultaneously display one of three hand symbols. The following table presents the payoffs.

Player 2

                                                                        Rock    Paper   Scissors

Player 1           Rock 0, 0    -1, 1        1, -1

                                                Paper               1, -1   0, 0       -1, 1

                                                Scissors           -1, 1    1, -1       0, 0

a.         Both players have a dominant strategy.

b.         None has a dominant strategy.

c.         Player 1 has a dominant strategy while player 2 does not.

d.         Player 2 has a dominant strategy while player 1 does not.

Explanation / Answer

This matrix is skew-symmetric so the rock, paper, scissors game is a symmetrical one.

The diagonal elements of the matrix are zero. This is true of any skew-symmetric matrix, since aii = aii implies aii = 0 for all i.

Therefore b. none has a dominant strategy.

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