Consider a game in which each of three men is given $20. All three must secretly decide whether they will contribute any part of their $20 to a trust fund. At the end of the game, each player will receive 40% of the total money contributed to the trust fund, in addition to any of the remaining $20 that he is holding. If all three players contribute $20 to the trust fund, each player will earn $_____ at the end of the game.
A) 24
B) 20
C) 8
D) 0

Question

Quizplus · Accepted Answer

If all three players contribute $20, the total contribution to the trust fund is $60. Each player receives 40% of $60, which is $24, in addition to not holding any of the original $20 since it was all contributed.

Consider a Game in Which Each of Three Men Is