Friday, January 31, 2014

Rock, Paper, Scissors: A Book Review


Rock, Paper, Scissors is a popular science book that connects game theory to day to day situations in life and offers strategies for achieving cooperation.

The first chapter “trapped in a matrix” mainly describes the Prisoner’s dilemma and gives the negative connotation that the Nash equilibrium is a logical trap. The book may start off a little bit slowly, either way; these setbacks did not stop me from reading the rest of the book which offers a wide range of interesting examples and explanations.  The second chapter “I cut and you choose offers a nice introduction to the concepts of fair division. Fisher shares fair division with anecdotes like how he got in trouble as a kid shooting fireworks, and as a consequence had to yield fireworks with his brother. The answer he arrived to as a kid was what he knows realizes was an application of the minimax principle. I was also impressed that Fisher discusses the principle of equal division of the contested sum. The third chapter emphasizes a great summary of such problems as the free rider issue and the game of chicken. It is also about the seven of the most interesting game theory problems, which Fisher calls as “the seven deadly dilemmas.”On the other hand, Chapter four is a humorous one, and is about the game “rock, paper, scissors.” I was also amused at how rock, paper, scissors can be used in conflict resolutions, and how it is also played in different countries and races (which, also, has different names). Although the game is used in different day to day situations, the game itself has no pure strategy that may dominate others. On the other hand, conflicts, situations can be solved by adding strategies and converting them to rock-paper-scissors situation. Chapters five through eight are all about cooperation: how we can achieve trust, bargain effectively, and change the game to avoid the “trap” of the Prisoner’s dilemma and other undesirable outcomes. The main fun points are similar in nature as to the other chapters which are the narratives and interesting examples from science.

Fisher used different strategies in the book, one of which is the game “I Cut and You Choose”, which indicates that: When slicing a cake, a person slices two pieces, and then the other person chooses the pieces he/she wants to and for the other person as well. Assuming that the person slicing the cake likes cakes, he/she has the right to make both pieces equal. Fisher suggests using the same strategy to solve disputes amongst different countries.


In conclusion, this author clearly denotes the importance of day to day strategies and techniques in life to achieve unity and cooperation; may it be it in a team or in a group. This is a must read book for achieving coherence and how we maximize gain in competitive situations. In this book Len Fisher starts by demonstrating the limits of game theory: What’s best for you isn’t always what’s best for everyone else. Fisher uses game theories to show how cooperation can be evolved and how cooperation can be achieved even in the most difficult circumstances.  Even so, Rock, Paper Scissors is a wonderfully entertaining introduction to game theory and the science of cooperation. 

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