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1.A large population of players are playing the following version of the beauty-contest game. Each player guesses a number between 100 and 200 (inclusive), and
1.A large population of players are playing the following version of the beauty-contest game. Each player guesses a number between 100 and 200 (inclusive), and the player closest to p < 1 of the average wins a given prize. If multiple players are closest to p < 1 times the average, the prize is allocated randomly between them.
(a)What guess(es) survive iterated elimination of dominated strategies?
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