Quiz Space

Game Theory and Strategy · End Term · 22 Dec 2024 · September 2024 term · Set QDB1

Question 33: Creditor 1 with claim 400 units gets

Question 33

+1 markOne correct option

A man dies, leaving an estate worth 500 units. The deceased has two creditors; one’s claim is 400 units, and the other’s claim, 300 units. The division of the estate between them is carried out according to the contested garment principle.
Based on the above data, answer the given subquestions

Creditor 1 with claim 400 units gets

  1. A

    350

  2. B

    300

  3. C

    200

  4. D

    250

Show answer

Correct answer

  • B

    300

Question 33 of 38 in the IIT Madras BS Game Theory and Strategy (Game Theory) End Term paper sat on 22 Dec 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB3 22 Dec 2024). It carries 1 mark.

This question was also asked in

More questions from this paper

  1. Q1Consider the market for a single network good as discussed in the lecture and write a different consumer's utility func…
  2. Q2Consider the market for a single network good as discussed in the lecture and write a different consumer's utility func…
  3. Q3Consider the market for a single network good as discussed in the lecture and write a different consumer's utility func…
  4. Q4Consider the market for a single network good as discussed in the lecture and write a different consumer's utility func…
  5. Q5Consider the market for a single network good as discussed in the lecture and write a different consumer's utility func…
  6. Q6Consider the market for a single network good as discussed in the lecture and write a different consumer's utility func…
  7. Q7Based on the above data, answer the given subquestions
  8. Q8Based on the above data, answer the given subquestions
  9. Q9Based on the above data, answer the given subquestions
  10. Q10How many pure strategy equilibria are there in this game?
  11. Q11In one of these pure NEs, all three players enter the market
  12. Q12Based on the above data, answer the given subquestions
  13. Q13A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  14. Q14A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  15. Q15A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  16. Q16A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  17. Q17A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  18. Q18A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  19. Q19A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  20. Q20A market game has two buyers and one seller. Seller 1 has a watch whose worth for him is ₹200 and he offers it for sale…
  21. Q21What is the total probability of having the phrase “check this out” in subject line of an email?
  22. Q22What is the probability that the message is spam if subject contains the phrase “check this out”?
  23. Q23The cost to be paid by player 1 will be
  24. Q24The cost to be paid by player 2 will be _
  25. Q25The cost to be paid by player 3 will be _
  26. Q26Optimal bid for a bidder with valuation 0.75 will be
  27. Q27The expected revenue of the seller in this auction scenario will be
  28. Q28Based on the above data, answer the given subquestions
  29. Q29Nash equilibrium of this game will be
  30. Q30Total valuation of socially optimal allocation will be
  31. Q31VCG price for slot a will be _
  32. Q32VCG price for slot b will be _
  33. Q34Creditor 2 with claim 300 units gets
  34. Q35Suppose 5 numbers are drawn independently from the uniform distribution on the interval [0, 1] and then sorted from sma…
  35. Q36In weighted majority game [7; 5, 4, 3, 1]
  36. Q37Consider following two statements:\ Crowd can be wrong even if everyone in the crowd is rational and everyone takes the…
  37. Q38Choose the correct alternative