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:
“Every spirit makes its house, and we can give a shrewd guess from the house to the inhabitant.”
—Ralph Waldo Emerson (1803–1882)
“A fairly bright boy is far more intelligent and far better company than the average adult.”
—J.B.S. (John Burdon Sanderson)