Scenario: Four contestants, who we will call A, B, C, and D, have to guess the price of an item without going over.
Problem: What are the optimum strategies for each player?
<Think, think, … still thinking!>
Contestant A should just try to hit the price minus a dollar.
Contestant B ?
Contestant C?
Contestant D should always bids either one dollar if everyone’s over bid or one dollar over the highest bid.
Your thoughts?
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Reinke Faces Life 