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:
“Democracy don’t rule the world,
You’d better get that in your head;
This world is ruled by violence
But I guess that’s better left unsaid.”
—Bob Dylan [Robert Allen Zimmerman] (b. 1941)
“One cannot develop taste from what is of average quality but only from the very best.”
—Johann Wolfgang Von Goethe (1749–1832)