Using a grown-up version of the rock-paper-scissors game, Indiana University psychologists offer a new hypothesis 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.
In a study they published this week in the open access journal PLOS ONE, the psychologists discussed situations in which each person's decision depends on what they think other people will decide, looking at the riddle of "what you think I think you think I think."