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/biz/ - Business & Finance

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12028221 No.12028221 [Reply] [Original]

GO, and make sure you post your calculations :)

>> No.12028241
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12028241

Am i wearing pants? Be more specific

>> No.12028252

>>12028221
Nash equilibrium is 0.

>> No.12028261

>>12028252
So I’d go with 0 if I was in a room full of smart people. Everyone would win.

>> No.12028277

>>12028221
Clearly one person will choose 1, one will chose 2 etc. all the way to 100 so that each person has a unique number. The average is then 50, so I would choose 50. Checkmate.

>> No.12028312

>>12028252
>>12028261
yup. easy peasy

>> No.12028326

>>12028261
>>12028252
right, the question is, do you trust the rest of the room to be as inteligent to spot that...

A finance major will quickly say 0 and be wrong, sine out of 100 people, maybe 5 will be literate enough to solve this mathematically, hence this is not a pure math problem, its a psychology problem.

>> No.12028340

>>12028277
>illiterate
If it is a room of thoughtful people, they will see that it resolves itself in zero. People are idiots, however, and a large section will choose 40. If 10% choose zero and 90% choose 40, we need to get to 80% of that, which is 80% of 36, so I'd take 29.

>> No.12028341

These are random people off the street we are talking about, could be math ph'ds and could be tyrone who is slinging drugs at the corner. So 0 would almost 100% be wrong.

>> No.12028356

40

>> No.12028369

>>12028340
You can believe that if you like, but it's not 'my' truth.

>> No.12028403

>>12028221
you are implying that bitcoins value is a random number.