Galera, Francisco; Carrera-Gomez, Gema; Coto-Millan, Pablo - In: Applied Economics Letters 11 (2004) 5, pp. 311-312
Nalebuff (Journal of Economic Perspectives, 1(2), 157-63, 1987) proposes a puzzle and a standard solution to the mentioned puzzle based on Bayes theorem. After giving the standard solution to this problem, Professor Nalebuff asked: 'Since many if not most individuals choose to stay with their...