Question
Consider a game where everyone in class simultaneously chooses a whole number between 1 and 10 and whoever chooses closest to twice the average wins
Consider a game where everyone in class simultaneously chooses a whole number between 1 and 10 and whoever chooses closest to twice the average wins (flip a coin on a tie). Find a Nash equilibrium in this game. (Bonus: would it be different if the choices were between 0 and 10?)
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
6th Edition
1118988493, 978-1118988497
