Fair Shares Essay Example | Topics and Well Written Essays - 250 words

Fair Shares - Essay ExampleDespite (or perhaps because of) your love of all things amphibious, you currently overleap the funds to pay distributively of the others their probable fair share. You result not receive the collection, but wishing to receive as much money as workable. You have no surviveledge of the amounts in each of the sealed bids, but strongly suspect that Abraham lead bid between $10,000.00 and $12,000.00.Soln. As I know that I cannot pay the others their probable fair share and so I wont be able to win the collection and I also believe that Abraham volition bid between $ ten thousand to $12000 than I would think about putting a value that is just below the one that Abraham will put which in this case would be $9999.The reason for putting this value is that it will give me the highest possible fair share without having a chance of winning the items as the fair share that I will get if Abraham bids $10000 and wins it would beAnd so the total amount that I will receive would be 2499.75+250.0625=$2749.8125. This is the highest amount that I can win considering that I cannot win the collection and Abrahams bid will be between 10000 to