In a beauty contest game such as predicting the average of respondents
In a beauty contest game such as predicting the average of respondents choosing a number between 0 and 100
A) the outcome is not normally the Nash equilibrium for the game.
B) the winner usually exhibits level-3 reasoning.
C) the winner must understand the non-rationality of the players.
D) All of the above.
ANSWER
D
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