Do an online search of rock paper scissors and summarise the evolutionary dynamics of one model that you find with a focus on the following questions. What is the adjustment process being assumed? What determines whether you get convergence to the Nash equilibrium or divergence from the Nash equilibrium or cycles?
A group of 10 students are matched into pairs to play rock paper scissors. They must simultaneously make a shape with their hand; scissors beats paper, paper beats rock and rock beats scissors. The payoffs are R P S R 1,1 0,2 2,0 P 2,0 1,1 0,2 S 0,2 2,0 1,1 The game proceeds in […]