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 can’t remember what I was doing before running. I guess shopping, sewing, watching TV—gaining nothing.”
—Miki Gorman (b. 1935)
“The average American is a good sport, plays by the rules. But this war is no game. And no secret agent is a hero or a good sport—that is, no living agent.”
—John Monks, Jr., U.S. screenwriter, Sy Bartlett, and Henry Hathaway. Robert Sharkey (James Cagney)