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IU research: Rock-paper-scissors a parable for cycles in finance, fashion, politics and more

Using a grown-up version of the rock-paper-scissors game, Indiana University cognitive scientists offer a new theory of the group dynamics that arise in situations as varied as cycles of fashion, fluctuations of financial markets, eBay bidding wars and political campaign strategies. «People playing this kind of game subtly influence each other, converging on similar ways of reasoning over time. The natural analogy for the process is to a flock of birds veering in concert.»

Fuente : http://www.eurekalert.org/pub_releases/2013-02/iu-…

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