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Solve the scissors, paper, rock game. This game is well known in many parts of the...

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Advance Math

Solve the scissors, paper, rock game. This game is well known inmany parts of the world. Two players simultaneously present a handin one of three positions: an open hand (paper), a closed fist(rock), or two open fingers (scissors). The payoff is 1 unitaccording to the rule “Paper covers rock, rock breaks scissors, andscissors cut paper.” If both players present the same form, thepayoff is 0.

Set up the payoff matrix for the game and then solve it.

Answer & Explanation Solved by verified expert
4.0 Ratings (422 Votes)
The payoff matrix can be written as followsPlayer 2RockPaperScissorsPlayer 1Rock001111Paper110011Scissors111100There is no pure strategy    See Answer
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