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Centipede Game - For the video game, see Centipede (video game)
The Centipede Game in game theory is a game with 100 turns. Each player in turn has the chance to stop the game and take the slightly larger share of a slowly increasing pot, or risk a short-term loss by passing the turn to his opponent. According to game theory the optimum strategy (at least where all players are entirely self-interested) is for the first player to take the pot on the very first turn of the game; however in empirical tests relatively few players do so. External links *EconPort article on the Centipede Game
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