Game Theory Question:
1. Recall the "Pick a Number Game," where you needed to pick an integer between 1 and 100, and the winning value is the one that is closest to 3/4 of the average of all the values submitted.
The strategy set for player I is Si ={1,2,...,100}
Suppose that you believe the following: "None of my classmates will play a dominated strategy and they will choose an undominated strategy at random." (All undominated strategies are equally likely). Which of the following strategy choices is a best response to this belief?
You can assume that the class size is large enough that the impact of any one person's strategy on the average value is negligible.
- 28
- 42
- 38
- 75
- 1