What should each person do


Problem

Rock-paper-scissors is a hand game usually played between two people, in which each player simultaneously forms one of three shapes with an outstretched hand. These shapes are "rock" (a closed fist) "paper" (a flat hand), and "scissors" (a fist with the index and middle fingers extended, forming a V). Suppose Rock beats Scissors, Scissors beats Paper, and Paper beats Rock.

A. If there is an equilibrium in this game? Do you think it is a pure strategy equilibrium?

B. What should each person do? (You can guess without doing any calculation)

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What should each person do
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