Rock–Scissors–Paper and evolutionarily stable strategies

C-Tier
Journal: Economics Letters
Year: 2013
Volume: 118
Issue: 3
Pages: 473-474

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper argues that Rock–Scissors–Paper is a stochastic game with discounting. Provided that the discount factor is less than 1, it has an evolutionarily stable strategy (ESS). This result contrasts with the one-shot normal form game, which is the customary representation of Rock–Scissors–Paper. It reconciles the finding that mutant players who tie against each other forever are never observed in real-world play of Rock–Scissors–Paper with a basic prediction of evolutionary game theory.

Technical Details

RePEc Handle
repec:eee:ecolet:v:118:y:2013:i:3:p:473-474
Journal Field
General
Author Count
1
Added to Database
2026-01-25