Cycle frequency in standard rock-paper-scissors games: evidence from experimental economics
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Publication:1673261
Abstract: The Rock-Paper-Scissors (RPS) game is a widely used model system in game theory. Evolutionary game theory predicts the existence of persistent cycles in the evolutionary trajectories of the RPS game, but experimental evidence has remained to be rather weak. In this work we performed laboratory experiments on the RPS game and analyzed the social-state evolutionary trajectories of twelve populations of N=6 players. We found strong evidence supporting the existence of persistent cycles. The mean cycling frequency was measured to be period per experimental round. Our experimental observations can be quantitatively explained by a simple non-equilibrium model, namely the discrete-time logit dynamical process with a noise parameter. Our work therefore favors the evolutionary game theory over the classical game theory for describing the dynamical behavior of the RPS game.
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Cited in
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- Dynamic Structure in a Four-strategy Game: Theory and Experiment
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- Periodic attractor in the discrete time best-response dynamics of the rock-paper-scissors game
- Cyclic dominance in a two-person rock-scissors-paper game
- Cursed trio or fruitful triad? The case of the ``Rock-Paper-Scissors game
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- Cycles and instability in a rock-paper-scissors population game: a continuous time experiment
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