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)
“Today everything is different. I can’t even get decent food. Right after I got here I ordered some spaghetti with marinara sauce and I got egg noodles and catsup. I’m an average nobody, I get to live the rest of my life like a schnook.”
—Nicholas Pileggi, U.S. screenwriter, and Martin Scorsese. Henry Hill (Ray Liotta)