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Author Question: In the beauty contest where players predict the outcome of players choosing a number between 0 and ... (Read 89 times)

charchew

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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


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kristenb95

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

a


charchew

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

tanna.moeller

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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