Willing to pay for the privilege of moving

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In the following game, determine the maximum amount you would be willing to pay for the privilege of moving (a) first, (b) second, or (c) third: There are three players, you and two rivals. The player announcing the largest integer gets a payoff of $10, that announcing the second largest integer gets $0, and that announcing the third largest integer gets $5.

a) Maximum amount you would be willing to pay to go first: $

b) Maximum amount you would be willing to pay to go second: $

c) Maximum amount you would be willing to pay to go third: $

Reference no: EM13740617

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