Game Theory Explained - Rock, Paper, Scissors

Game Theory Explained - Rock, Paper. Scissors



Rock-Paper-Scissors is  a two-player game. 

Player moves/strategy are Rock, Paper Scissors.(R/P/S).

Score 

Win - (1), Lose - (-1), Tie -(0)




Rock

Paper

Scissors 

Rock

(0,0)

(-1,1)

(1,-1)

Paper

(1,-1)

(0,0)

(-1,1)

Scissors 

(-1,1)

(1,-1)

(0,0)


Assumption

  1. Rationality Player play the game to maximise his/her utility and nothing else.

  2. Intelligence - Player competent enough to make  any level of reasoning.

  3. Common Knowledge - An information I  is common knowledge if -

         - everyone knows  I.

         - everyone knows that  everyone          knows I.

         - everyone knows thar everyone knows that everyone knows I.

          - and so on...




Compiled by
Ms Naresh kuwar 

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