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Game Theory and Strategy · Quiz 2 · 1 Dec 2024 · September 2024 term

Question 4: Now suppose, first three students draw the ball in the se…

Question 4

+1 markOne correct option

Consider the example of cascade discussed in the lecture but with a modification that now the urn is containing either 4 blue balls and 1 red ball or 4 red balls and 1 blue ball with equal probability. That simply means that the urn is equally likely to be blue-majority urn or red-majority urn. We assume everyone hears what the previous individuals report and get their own private signal by randomly drawing one ball from the urn.
Based on the above data answer the given subquestions.

Now suppose, first three students draw the ball in the sequence (Blue, Blue, Red).
What is the probability of getting this sequence if the urn is a red-majority urn?

  1. A

    3/64

  2. B

    9/125

  3. C

    16/125

  4. D

    4/125

Show answer

Correct answer

  • D

    4/125

Question 4 of 25 in the IIT Madras BS Game Theory and Strategy (Game Theory) Quiz 2 paper sat on 1 Dec 2024, in the September 2024 term (IIT M DEGREE AN EXAM QDB2 01 Dec 2024). It carries 1 mark.

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