Scenario: Two friends have agreed on a unique strategy to decide who will complete his homework first and help the other. They have agreed to simultaneously display one of three different symbols using their hands-a rock, paper, or scissors. They have decided to follow simple rules to determine the winner of the game: rock breaks scissors, scissors cut paper, and paper covers rock. If both of them hold out the same symbol, the game is a tie.
-Refer to the scenario above.This is an example of ________.
A) a zero-sum game
B) a variable-sum game
C) an extensive-form game
D) the prisoners' dilemma

Question

Quizplus · Accepted Answer

This scenario is an example of a zero-sum game because the gain or loss of utility is exactly balanced by the losses or gains of the utility of the other participant(s). If one player wins, the other loses, making the sum of their outcomes zero.

Scenario: Two Friends Have Agreed on a Unique Strategy to Decide