shared If Chloe expects other players to select numbers randomly, what number should she choose? De SHOuld choose the number (Enter your response rounded to the nearest whole number) Du expect all other players to exhibit the same depth of reasoning as Chloe, what number would you choose" should choose the number (Enter your response rounded to the nearest whole number )
shared If Chloe expects other players to select numbers randomly, what number should she choose? De SHOuld choose the number (Enter your response rounded to the nearest whole number) Du expect all other players to exhibit the same depth of reasoning as Chloe, what number would you choose" should choose the number (Enter your response rounded to the nearest whole number )
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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
Transcribed Image Text:A new government lottery has been announced Each person who buys a ticket submits an integer between 0 and 100 The
winner is the person whose submission is closest to two - thirds of the average of all submissions If ties occur, the price will
be shared. If Chloe expects other players to select numbers randomly, what number should she choose?
Chloe should choose the number
(Enter your response rounded to the nearest whole number )
If you expect all other players to exhibit the same depth of reasoning as Chloe, what number would you choose?
You should choose the number
(Enter your response rounded to the nearest whole number)
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