Advertisement

Journal of Economics

, Volume 92, Issue 1, pp 67–88 | Cite as

Rock Paper Scissors

  • Bryan C. McCannon
Article

Abstract

Rock Paper Scissors is used to resolve conflict when a compromise is not possible. Individuals playing ``games'' tend to have biases they prefer to play. I show that Rock Paper Scissors with biased players results in a player with a high valuation for winning being victorious with a probability greater than a player with a low valuation. Thus, it frequently achieves the efficient outcome. Furthermore, as the benefit to victory increases for all players, victory for each player becomes equally likely. Therefore, it is often efficient for minor conflicts while it performs no better than a coin-flip for major conflicts.

Keywords

bias conflict resolution Rock Paper Scissors 

JEL Classifications

D74 D61 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Friedman D. (1996). Equilibrium in Evolutionary Games: Some Experimental Results. Economic Journal 106(434): 1–25 CrossRefGoogle Scholar
  2. Harsanyi J. (1973). Games with Randomly Disturbed Payoffs: A New Rationale for Mixed Strategy Equilibrium Points. International Journal of Game Theory 2(1): 1–23 CrossRefGoogle Scholar
  3. Kerr B., Riley M., Feldman M. and Bohannan B. (2004). Local Dispersion Promotes Biodiversity in Real-life Game of Rock-Paper-Scissors. Nature 418: 171–4 CrossRefGoogle Scholar
  4. Kirkup B. and Riley M. (2002). Antibiotic-mediated Antagonism Leads to a Bacterial Game of Rock-Paper-Scissors in vivo. Nature 428: 412–14 CrossRefGoogle Scholar
  5. Liptak, A. (2006): “Lawyers Won't End Squabble, So Judge Turns to Child's Play.” New York Times (June 9) A19.Google Scholar
  6. McKelvey R. D. and Palfrey T. R. (1995). Quantal Response Equilibria for Normal Form Games. Games and Economic Behavior 10(1): 6–38 CrossRefGoogle Scholar
  7. Medina, J. (2005): “Irvington Mayor Pulls 6th Term Out of a Bag.” New York Times (October 28) B4.Google Scholar
  8. Vogel, C. (2005): “Rock, Paper, Payoff: Child's Play Wins Auction House an Art Sale.” New York Times (April 29): A1.Google Scholar
  9. Walker G. and Walker D. (2004). The Official Strategy Guide to Rock Paper Scissors. Fireside, New York Google Scholar

Copyright information

© Springer 2007

Authors and Affiliations

  1. 1.Elmira CollegeElmiraUSA

Personalised recommendations