Consider the guessing game where people are choosing numbers between 0 and 100. The aim is to come as close as possible to (2/3) of the average number chosen in the group. Define Level Zero thinking as one where everyone chooses 100, so that the average is 100 and (2/3) of the average is 67? What number should you pick if you thought that half of the group will apply Level 1 thinking and the other half would apply Level 2 thinking?

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The Answer of Consider the guessing game where people are choosing numbers between 0 and 100. The aim is to come as close as possible to (2/3) of the average number chosen in the group. Define Level Zero thinking as one where everyone chooses 100, so that the average is 100 and (2/3) of the average is 67? What number should you pick if you thought that half of the group will apply Level 1 thinking and the other half would apply Level 2 thinking?

Consider the Guessing Game Where People Are Choosing Numbers Between