The first player is at disadvantage when he has to pick first. If he is smart then he would pick a number that lines in the middle. The second player will then pick the same number that is one less or more depending which side has more numbers.
I wonder what kind of strategy is taken when it comes to marriages/divorce? --- Alex Tabarrok <[EMAIL PROTECTED]> wrote: > Anyone see survivor last night? When asked to pick > a number between 1 > and 1000 (presumably the closest number to the one > in the questioner's > head would win her vote) the first contestant chose > 3 and the second > chose 886! Incredibly poor strategy on both > contestants part especially > when a million dollars was at stake. > > (For students and others on the list wondering > what the correct > strategy is note that this game is the same as the > median voter theorem > or Hotelling's two firm location problem. If the > first person chose 3 > the second person should have chosen 4 thereby > winning if the number was > 4 or more. Thus, what should the first person have > chosen?) > > Alex > -- > Dr. Alexander Tabarrok > Vice President and Director of Research > The Independent Institute > 100 Swan Way > Oakland, CA, 94621-1428 > Tel. 510-632-1366, FAX: 510-568-6040 > Email: [EMAIL PROTECTED] __________________________________________________ Do You Yahoo!? Send FREE video emails in Yahoo! Mail! http://promo.yahoo.com/videomail/
