3. Suppose a group of 10 people play twice the guessing game described in problem...

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3. Suppose a group of 10 people play twice the ½ guessing game described in problem 1. Their choices in each round are listed below Round Round Player 1 2 A 50 45 BCDEFGH 67 20 80 50 33 39 H I J 222 13 27 12 6 3226256 33 27 13 10 16 12 a. In round 1 which player won? Was this player closest to making the Nash Equilibrium Guess? Who is the most 'rational' player in this game? 3. Suppose a group of 10 people play twice the ½ guessing game described in problem 1. Their choices in each round are listed below Round Round Player 1 2 A 50 45 BCDEFGH 67 20 80 50 33 39 H I J 222 13 27 12 6 3226256 33 27 13 10 16 12 a. In round 1 which player won? Was this player closest to making the Nash Equilibrium Guess? Who is the most 'rational' player in this game?

Answer rating: 100% (QA)

To determine the winner of round 1 we need to compare the guesses of each player and find the closes... View the full answer