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Hi,
I was wondering if we can discuss few questions of dse 2012 paper.
Few questions in mind .I know we might not remember the entire question but we can do our best.
Micro.
They asked about a betrand competition type question .
my answer was price must be fixed by firm 1 at 6-e where e is a small number.
2 people chose x from unif [0,100] and so on.....
wats the prob that both exchange their scores...
my answer was zero. since both would be sceptical of other persons answer and thus would avoid any sort of exchange at all.. the expected game of both people makes them dont exchange at all...
there was a question about convex sets.. giving options <= , == , >= and asked which is right
My answer was <= f() makes the set convex for convex function.
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