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Richard Thaler's Guessing Game
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How the games work:
- Every player guesses a number from 0 to 100.
- The guess closest to 2/3 the average number wins a prize.
- Ties will be broken randomly.
- Minimum 3 players need to participate for the round to be valid.
Richard Thaler's game in pictures
Artwork from: "Game Theory" by Ivan Pastine, Tuvana Pastine and Tom Humberstone. © 2017 Icon Book Ltd
Artwork from: "Game Theory" by Ivan Pastine, Tuvana Pastine and Tom Humberstone. © 2017 Icon Book Ltd
Artwork from: "Game Theory" by Ivan Pastine, Tuvana Pastine and Tom Humberstone. © 2017 Icon Book Ltd
Artwork from: "Game Theory" by Ivan Pastine, Tuvana Pastine and Tom Humberstone. © 2017 Icon Book Ltd
Not everybody is rational. While Thaler's 1997 Financial Times experiment produced a winning number 13, another experiment by Pinnacle in 2014 resulted in number 20 being the winner.
Copyright: Pinnacle
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