Meni_Rosenfeld comments on Swords and Armor: A Game Theory Thought Experiment - Less Wrong
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Gambit said the only equilibrium was mixed, with 1/5 each of (blue sword, blue armor), (blue sword, green armor), (yellow sword, yellow armor), (green sword, yellow armor), and (green sword, green armor).
With a stylin' bonus of ε points per duel (if a win is 1 point and a loss is −1 points), Gambit says for ε≤1/4 the equilibrium is:
(blue sword, blue armor): 1/5−(4/5)ε
(blue sword, green armor): 1/5−(3/5)ε
(yellow sword, yellow armor): 1/5+(4/5)ε
(green sword, yellow armor): 1/5+(3/5)ε
(green sword, green armor): 1/5
FWIW, my calculations confirm this - you beat me to posting. One nitpick - this is not the only equilibrium, you can transfer weight from (blue, green) to (red, green) up to 10%.