Pirate game
Five rational, greedy pirates (ranked 5 down to 1) split 100 coins. The highest-ranked proposes a split; everyone votes; if at least half approve, it passes - otherwise the proposer is thrown overboard and the next ranks proposes. Pirates prioritize survival, then coins, then bloodthirst. How many coins does pirate 5 keep?
Show hints (2)+
- Work backwards from the case of 2 pirates.
- The proposer only needs to buy the cheapest votes.
Answer
Reveal answer →Final answer
98
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Asked at: Probability & Market-Making, Multi-Strategy Quant