2. A class of 100 students is participating in an auction to see who gets a large...

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2. A class of 100 students is participating in an auction to see who gets a large jar of quarters.

Each student has an unbiased estimate of the total value of the coins. If these estimates are drawn from the interval (0, C), where C is not known, and your own estimate is $50, how much should you bid?

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Microeconomics And Behavior

ISBN: 9780073375731

7th Edition

Authors: Robert Frank

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Question Posted: Oct 14, 2024 04:01 AM

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2. A class of 100 students is participating in an auction to see who gets a large...

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Microeconomics And Behavior

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