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 guess what I’ve really discovered is the humanizing effect of children in my life—stretching me, humbling me. Maybe my thighs aren’t as thin as they used to be. Maybe my getaways aren’t as glamorous. Still I like the woman that motherhood has helped me to become.”
—Susan Lapinski (20th century)
“Personally, I can’t see why it would be any less romantic to find a husband in a nice four-color catalogue than in the average downtown bar at happy hour.”
—Barbara Ehrenreich (b. 1941)