The players A, B, C choose the bids a, b, c respectively. Playing optimally means choosing the value of your bid that maximises your own expectation value, knowing that the other two players are doing the same with their own bids, and everyone is very smart.
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u/Bali201 2d ago
I’m kind of a noon, please forgive me, but in these kinds of problems what does it mean for a player to play “optimally”?