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What difference would you expect between choices

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Question - In the Traveler's Dilemma, each of two people chooses a number between 180 and 300. Each is paid the lower of the two numbers, but the person who chooses the higher number must pay an amount x to the person who chose the lower number. In one case, x = 5, while in the other case x = 180. What difference would you expect between choices with the two values of x?

Reference no: EM133133850

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