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:
“How did reason enter the world? As is fitting, in an irrational way, accidentally. We will have to guess at it, like a riddle.”
—Friedrich Nietzsche (1844–1900)
“The average Ph.D. thesis is nothing but a transference of bones from one graveyard to another.”
—J. Frank Dobie (1888–1964)