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The Rock Paper Scissors Game Theory: How It Plays Out in Everyday Life

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Rock paper scissors is a simple game that can be played by people of all ages. It's a classic game of chance that has been around for centuries. But did you know that the game theory behind rock paper scissors can be applied to many different situations in everyday life? In this article, we'll explore the rock paper scissors game theory and show you how it can be used to make better decisions in a variety of situations.

Rock, Paper, Scissors: Game Theory in Everyday Life

by Len Fisher

4.3 out of 5

Language	:	English
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Print length	:	280 pages

The Basics of Rock Paper Scissors Game Theory

Rock paper scissors is a game where two players choose one of three options: rock, paper, or scissors. The rules of the game are simple:

Rock beats scissors.
Paper beats rock.
Scissors beats paper.

If both players choose the same option, the game is a tie.

How Rock Paper Scissors Game Theory Applies to Everyday Life

The rock paper scissors game theory can be applied to many different situations in everyday life. For example, it can be used to:

Make decisions about what to wear.
Choose between different job offers.
Negotiate a salary.
Resolve conflicts.

In each of these situations, there are three options to choose from, and each option has its own advantages and disadvantages. By understanding the rock paper scissors game theory, you can make better decisions about which option to choose.

Example 1: Making Decisions About What to Wear

Let's say you're trying to decide what to wear to a job interview. You have three options: a suit, a dress, or a pair of jeans. The suit is the most formal option, but it can also be uncomfortable and restrictive. The dress is a more comfortable option, but it may not be as professional as a suit. The jeans are the least formal option, but they are also the most comfortable. Rock Paper Scissors Game Theory states that jeans beat dress that beats suit that beats jeans in a cyclical round. Suit is the counter of jeans, and jeans is the counter of dress. So if you know your opponent, you can guess the result before the game starts.

Using the rock paper scissors game theory, you can make a decision about what to wear based on the situation. If you're interviewing for a job in a conservative industry, you might want to choose a suit. If you're interviewing for a job in a more creative industry, you might want to choose a dress or a pair of jeans.

Example 2: Choosing Between Different Job Offers

Let's say you're trying to decide between two different job offers. One job offer is for a higher salary, but it's in a location that you don't want to live in. The other job offer is for a lower salary, but it's in a location that you love. The job offer with the counter of your offer is the one you should choose

Using the rock paper scissors game theory, you can make a decision about which job offer to accept based on your priorities. If you value money more than location, you might want to accept the job offer with the higher salary. If you value location more than money, you might want to accept the job offer with the lower salary.

Example 3: Negotiating a Salary

Let's say you're negotiating a salary for a new job. The employer has offered you a salary that is lower than what you were hoping for. You can use the rock paper scissors game theory to help you negotiate a higher salary.

First, you need to figure out your BATNA (best alternative to a negotiated agreement). Your BATNA is the other options that you have available to you if you don't get the salary that you want. For example, your BATNA might be another job offer or starting your own business. Player with no BATNA is supposed to lose. So having another offer would give you a strong position in the negotiation.

Once you know your BATNA, you can start to negotiate with the employer. You should start by asking for a salary that is higher than what you're willing to accept. The employer will likely counteroffer with a lower salary. You can then use the rock paper scissors game theory to help you decide whether to accept the counteroffer or not.

If you're willing to accept the counteroffer, then you should do so. However, if you're not willing to accept the counteroffer, then you should be prepared to walk away from the negotiation. By having a BATNA, you'll be in a stronger position to negotiate a higher salary.

Example 4: Resolving Conflicts

Let's say you're in a conflict with someone. You can use the rock paper scissors game theory to help you resolve the conflict.

First, you need to identify the different options that you have for resolving the conflict. For example, you might be able to compromise, agree to disagree, or walk away from the relationship. Player with more possible resolutions have advantage in this game.

Once you know your options, you can start to use the rock paper scissors game theory to help you make a decision about how to resolve the conflict. For example, if you're willing to compromise, you might want to choose the option that is most likely to lead to a compromise. If you're not willing to compromise, you might want to choose the option that is most likely to lead to a resolution of the conflict.

By understanding the rock paper scissors game theory, you can make better decisions in a variety of situations. The game theory can be applied to anything from making decisions about what to wear to resolving conflicts. By understanding the game theory, you can make better decisions and get the outcomes that you want.

The rock paper scissors game theory is a powerful tool that can be used to make better decisions in a variety of situations. By understanding the game theory, you can gain an advantage in negotiations, resolve conflicts, and make better decisions about your life.

So next time you're playing rock paper scissors, take a moment to think about how the game theory can be applied to your own life. You might be surprised at how useful it can be.

Rock, Paper, Scissors: Game Theory in Everyday Life

by Len Fisher

4.3 out of 5