Author Question: In the beauty contest where players predict the outcome of players choosing a number between 0 and ... (Read 42 times)

charchew · **on:** Jul 1, 2018

In the beauty contest where players predict the outcome of players choosing a number between 0 and 100

A) the Nash equilibrium is 0.
B) your prediction should be based on what you think the winning number will be.
C) the Nash equilibrium is 33.
D) there is no Nash equilibrium because people are not rational.

Question 2

During the 1980s, assets in the Social Security system fell so low they covered less than two months o f benefit payments.

a. True b. False