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Formulate this as a strategic form game with n players

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Reference no: EM133084771

Consider a game where each player announces a number in the set {1, . . . , K}. A monetary reward of 1 is split equally between all the players whose number is closest to 23 of the average number. This game is called a "Guess the Average" game.

a) Formulate this as a strategic form game with n players

b) Show that the game has a unique mixed strategy Nash equilibrium, in which each player plays a pure strategy

Reference no: EM133084771

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