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Quiz 1 bonus question 11PowerPoint Presentation

Quiz 1 bonus question 11

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Quiz 1 bonus question 11

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- “At least half of the people taking this quiz will label this statement ‘true’.”
- 9 out of 9 answered “true”!
- Everyone was right!
- If everyone had answered “false”, that would have been right, too…

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# true

pure-strategy equilibria

- A (symmetric) mixed-strategy equilibrium: everyone plays “true” with probability ½

- “At least half of the people taking this quiz will label this statement ‘false’.”
- 5 out of 9 answered “false”
- Those 5 were wrong, because they made the statement true.
- Of course, there had to be at least 5 wrong answers (why?), so overall the class did as well as it could have…

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# false

pure-strategy equilibria

- A (symmetric) mixed-strategy equilibrium: everyone plays “true” with probability ½