a buyer likes a watch he sees. however, the seller wants 800 dollars for it, and the buyer wants to pay 500. a referee comes by and sees the problem. he makes the following bargain. he'll put 500 dollars under one of three cups. then shuffle. you then pick a cup, and put 500 dollars in that cup. the ref shuffles again then the seller picks a cup and puts the watch under that cup. then the buyer picks a cup and gets to keep whatever is in the cup. then the seller picks a cup and gets to keep whatever is inside. finally the ref gets the remaining cup. should the seller agree to play this game? should the buyer? is the ref really risking anything by making this bargain?
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a buyer likes a watch he sees. however, the seller wants 800 dollars for it, and the buyer wants to pay 500. a referee comes by and sees the problem. he makes the following bargain. he'll put 500 dollars under one of three cups. then shuffle. you then pick a cup, and put 500 dollars in that cup. the ref shuffles again then the seller picks a cup and puts the watch under that cup. then the buyer picks a cup and gets to keep whatever is in the cup. then the seller picks a cup and gets to keep whatever is inside. finally the ref gets the remaining cup. should the seller agree to play this game? should the buyer? is the ref really risking anything by making this bargain?
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