(Table: Players 1 and 2 I) the Table Shows the Payoffs

question 162

Multiple Choice

(Table: Players 1 and 2 I) The table shows the payoffs from the game rock-paper-scissors. Which of the following statements is (are) TRUE?
I. There is no pure-strategy Nash equilibrium.
II. The Nash equilibria are (rock, rock) , (paper, paper) , and (scissors, scissors) .
III. The mixed-strategy Nash equilibrium is for each player to randomly select each strategy one-third of the time.

• A) II and III
• B) I and III
• C) III
• D) I and II

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