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Think about a type of a Guessing Game. Assume that you are sure that all other players are also rational and will guess the same
Think about a type of a Guessing Game. Assume that you are sure that all other players are also rational and will guess the same outcome as you. Suppose that a person who guesses 3+0.7*(Average) will win the prize. What will be the optimal guess in this case? Show all the calculations in detail
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
8th edition
134492005, 978-0134492001
