1 c) Consider an auction where bidders have independent private values. Each bidder perceives that valuations areevenly distributed between $0 and $250. Peter knows his own valuation is $60. Determine Sam's optimalbidding strategy in (1) a first-price, sealed-bid auction with four bidders; (2) a Dutch auction with seven bidders;and (3) a second-price, sealed-bid auction with two bidders.

Answered: c) Consider an auction where bidders…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A coffee enthusiast would like to test whether the coffee preference of young consumers living in Brooklyn is affected by the perceived brand. He recruits 18 volunteers and divides them into 3 groups: one group gets coffee in a starbucks cup, another group gets coffee in a McDonalds cup, and a third group gets coffee in a cup labeled "new Fair-Trade Organic non GMO Rain forest" coffee. The catch is that everyone received the same brewed coffee. The participants are asked to drink as much coffee as they can tolerate out of an 8 oz serving. Below is the number of ounces consumed by each of th e18 people. Test the hypothesis that perceived brand affects preference for coffee (use alpha = .05). McDonalds Starbucks NFT Organic 1 2 8 0 1 8 2 2 7 1 3 8 1 1 8 2 4 8 Calculate the obtained statistic by hand - SHOW ALL YOUR WORK
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