If there are 100 tickets to a concert and 200 fans who would like to go to the concert, each placing a slightly different value
on the tickets, is it more efficient to hold an auction for the tickets or to hold a random drawing for the tickets?
1 answer:
It's more efficient to hold a random drawing because the probability is higher.

For every 2 person, 1 person gets to go to the concert.
Answer is 1/2 aka 0.5 aka 50%
Hope this helps. - M
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