Question
N people guess an integer between 1 and 100, and the
winner is the player whose guess is closest to 2 times the mean of the guesses. What is the equilibrium in this case?Solution
Each player’s best response is to announce a number closest to twice the average, subject to the Constraint of the 100. So, each person wants to name a number above average, and so nothing is stable except all saying 100.
In each of the questions below, a sentence is given with four words highlighted in bold in the sentence. Among these bold words, one may be wrongly spe...
It's the only places in the city where one can see majestic birds like pelicans and painted storks in large numbers.
...- In each sentence below four words have been printed in bold which are numbered (1), (2), (3) and (4) One of these words may be misspelt or inappropriate in...
- Identify the misspelt word among the following given options:
Four words are listed below. Select the CORRECTLY spelt word.
If only the routine criminal process is pursued with a universal sense of urgent , the expediency of special courts may not be needed at all.
...Select the INCORRECTLY spelt word.
The body of priests not only said any communal (A) tension would have an adverse (B) impact on the economy of the temple town but also sought (C) to bec...
      Select the Incorrectly spelt word.
Select the INCORRECTLY spelt word.
