A Surprising Outcome of the Rock-Paper-Scissors Game Is That

question 25

Multiple Choice

A surprising outcome of the Rock-Paper-Scissors game is that

• A) it is a clear example of a first mover advantage.
• B) there is no pure-strategy Nash equilibrium.
• C) it is best not to play the game.
• D) it is a good way to determine who goes first in a sequential move game.

---

Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to fund its day-to-day operations.

Earnings Per Share

A financial metric that calculates the portion of a company's profit allocated to each outstanding share of common stock, indicating the company's profitability.

Earnings Per Share

A financial metric that indicates the portion of a company's profit allocated to each outstanding share of common stock.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, indicating how much money a company returns to shareholders versus retaining.