Rock-paper-scissors and cycle-based games |
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| Authors: | Eric Bahel |
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| Institution: | Department of Economics, Virginia Polytechnic Institute and State University, Blacksburg, VA 24061-0316, United States |
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| Abstract: | The present work characterizes the unique Nash equilibrium for games that are based on a cyclic preference relation. In the Nash equilibrium of these games, each player randomizes between three specific actions. In particular, an alternative way of deriving the unique Nash equilibrium of the rock-paper-scissors game is proposed. |
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| Keywords: | C72 |
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