Media Analyst Interview Questions

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You are in a silent auction and bidding for a new car with an infinite number of participants. The winner of the auction is not the person that bets the highest number, but the person that correctly guesses half of the average bid (i.e. if the average bid amongst all the participants was $50, the winner is the person that bids $25). The maximum amount you can bid is $100. All of the participants are given the same information as you are and will make rational decisions, just like you will. What is the winning bid for the car?
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Media Analyst

Interviewed at Ampush

3.9
Jan 29, 2014

You are in a silent auction and bidding for a new car with an infinite number of participants. The winner of the auction is not the person that bets the highest number, but the person that correctly guesses half of the average bid (i.e. if the average bid amongst all the participants was $50, the winner is the person that bids $25). The maximum amount you can bid is $100. All of the participants are given the same information as you are and will make rational decisions, just like you will. What is the winning bid for the car?

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