9. In the game played in the class, "Guess 2/3 of the average", assume there are 3 students, each guesses a number between 0 and 100 (including 0 and 100) simultaneously. The winner will be the one whose number is closest to 2/3 of the average. Which of the following is a Nash Equilibrium for this game? A. Everyone guesses "0" Everyone guesses "100" B. C. One student guesses "0", one guesses "100" and one guesses "50" D. One student guesses "0", one guesses "0" and one guesses "100" E. None of the above

9. In the game played in the class, "Guess 2/3 of the average", assume there are 3 students, each guesses a number between 0 and 100 (including 0 and 100) simultaneously. The winner will be the one whose number is closest to 2/3 of the average. Which of the following is a Nash Equilibrium for this game? A. Everyone guesses "0" Everyone guesses "100" B. C. One student guesses "0", one guesses "100" and one guesses "50" D. One student guesses "0", one guesses "0" and one guesses "100" E. None of the above

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter8: Game Theory

Section: Chapter Questions

Problem 8.4P

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