John Maynard Keynes classic "Beauty Contest" had people choose from a set of faces which they thought would be considered the six most beautiful. Winners were chosen from those who chose the most popular face. This easy task replicates the experiment with a simple numbers game. Prior to class subjects are asked to fill out a Qualtrics survey, or some other tool, and choose a number from 0 to 100. The winner is 2/3rds of the average of everyone's number. What would you do?
Scroll down to the bottom left for resource folder with instructions, survey file, and analysis file.