In game theory, Guess 2/3 of the average is a game where several people guess what 2/3 of the average of their guesses will be, and where the numbers are restricted to the real numbers between 0 and 100, inclusive. The winner is the one closest to the 2/3 average.
Read more about Guess 2/3 Of The Average: Equilibrium Analysis, Experimental Results, Rationality Versus Common Knowledge of Rationality, History
Famous quotes containing the words guess and/or average:
“I’m 65 and I guess that puts me in with the geriatrics. But if there were fifteen months in every year, I’d only be 48. That’s the trouble with us. We number everything. Take women, for example. I think they deserve to have more than twelve years between the ages of 28 and 40.”
—James Thurber (1894–1961)
“A two-week-old infant cries an average of one and a half hours every day. This increases to approximately three hours per day when the child is about six weeks old. By the time children are twelve weeks old, their daily crying has decreased dramatically and averages less than one hour. This same basic pattern of crying is present among children from a wide range of cultures throughout the world. It appears to be wired into the nervous system of our species.”
—Lawrence Kutner (20th century)