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Two students, X and Y, are given blank cards. Each student is to write a number between 0 and 100. The cards are then collected and the numbers on them averaged. The student whose choice is closest to half of the average is the winner. (a) Write down the best response for each player. (b) What is the Nash equilibrium of this game? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Two students, X and Y, are given blank cards. Each student is to write a number between 0 and 100. The cards are then collected and the numbers on them averaged. The student whose choice is closest to half of the average is the winner. (a) Write down the best response for each player. (b) What is the Nash equilibrium of this game? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Two students, X and Y, are given blank cards. Each student is to write a number between 0 and 100. The cards are then collected and the numbers on them averaged. The student whose choice is closest to half of the average is the winner. (a) Write down the best response for each player. (b) What is the Nash equilibrium of this game?.

Solutions for Two students, X and Y, are given blank cards. Each student is to write a number between 0 and 100. The cards are then collected and the numbers on them averaged. The student whose choice is closest to half of the average is the winner. (a) Write down the best response for each player. (b) What is the Nash equilibrium of this game? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

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