Question: Question 2 (28 points) Consider the following game Each member of group of 20 has to choose a number between 0 and 100. The numbers

 Question 2 (28 points) Consider the following game Each member of

Question 2 (28 points) Consider the following game Each member of group of 20 has to choose a number between 0 and 100. The numbers do not have to be integers. The player whose choice is closest to: 10+1/2"(the average of all other guesses) wins $10. All other players receive 0. If two or more players are tied, they split the money equally. a) (5 points) What is the level 1 strategy? b) (5 points) What is the level 2 strategy? 0) (8 points) What is the Nash Equilibrium of the game? Write down your steps. d) (5 points) What will happen in the experiment if the game is played once? Explain your

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