Here is the answer for previous post,
1. For market newbie, they may very well choose 2/3 of 2/3 of 100, hence 44.45. Since we all kWillie we want to win, we at least will have to choose 66.67
2. To win over newbie, market professional will choose 2/3 of 66.67, hence 44.45
3. Now, to truly win over everyone, we have to choose 2/3 of 44.45, hence 29.63.
4. What if there are some extremist who believe everyone is rational and choose 0 as their answer? Then you will have to lower your estimate.
5. What if there are more professional in the group? Then you might think in higher level, namely, 2/3 of 29.63.
Which level did you belong to?
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Usually I prefer to think in level of 29.63.
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