How would you win this game show?

By at 9:20 pm Thursday, Dec 17

Here's a nice little game-theory exercise:
You are in a game show with nineteen other players. You don't know the other players, you can't see them, and you can't communicate with them. The game you are in is called 'Greed!', and is straightforward to explain. You are asked to write down a whole dollar amount in the range $1 - $1,000,000 on a piece of paper. You will be paid the amount you asked for if it is deemed to be 'non-greedy'. Whether your request is indeed 'non-greedy' will be decided once all twenty request have been received by the host of the show. Your requested amount will be labeled 'non-greedy' if no other player has asked for less, and at least one player has asked for more.

How do you play?

Game Theory - The Art Of Acting Rational (Thanks, Dad!)

(Image: Money!, a Creative Commons Attribution photo from yomanimus' photostream)

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Cory Doctorow

Upcoming appearances

* Feb 9, 2012, DeKalb, IL: Day of Doctorow, NIU
* Feb 10-12, 2012, Chicago, IL: Capricon 32
* Feb 13, 2012, Arlington, TX: UT Arlington College of Engineering Distinguished Speaker Series
* Feb 16, 2012, Victoria, BC: 13th Annual Privacy and Security Conference

Recent books:
* Context (essays)
* With a Little Help (short stories)
* For the Win (YA novel)
* Makers (adult novel)

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