"Legendary Rock, Paper, Scissors Showdown"

1 min read
Source: Newser
"Legendary Rock, Paper, Scissors Showdown"
Photo: Newser
TL;DR Summary

In 2005, Japanese electronics company Maspro Denkoh used a game of rock, paper, scissors to decide whether Sotheby's or Christie's would auction its $20 million art collection. Christie's won by choosing scissors, a decision influenced by game theory and advice from children, and the story has since become legendary in the auction world.

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