In the beauty contest where players predict the outcome of ...

[charchew]

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

[kristenb95]

Answer to Question 1

A

Answer to Question 2

a

[charchew]

Thanks for the timely response, appreciate it

[zacnyjessica]

Gracias!