This means that student 1 is, in a sense, smarter than student 2, student 2 is smarter than student 3, . . . , student n – 2 is smarter than student n – 1 and students n – 1 and n are equally smart. The final assumption is
In this game, there are n students simultaneously deciding whether or not to take the MCAT preparatory course. Derive a Nash equilibrium.