Each of 100 people receives a random item from a grocery store and assigns it a value between 1 (low) and 10 (high). They trade

Question

3 years ago

13

Each of 100 people receives a random item from a grocery store and assigns it a value between 1 (low) and 10 (high). They trade

those items among themselves for items they prefer rather than those they randomly received and then assign a second value (again, 1 to 10) to the item that they end up with after the trading concludes. How would the sum of those values before trading compare with the sum after trading

Mathematics

1 answer:

belka [17] · Answer 1 · 2022-12-16T07:59:22+03:00

Answer:

The answer is "After trading, the value would be higher because preferences are diverse".

Step-by-step explanation:

Every person receives a resulting in the possibility from either a grocery shop and gives a value of from 1 to 10. (high). Participants trade these goods with each other for items that prefer to receive randomly but instead assign a second value to the object that finishes after the trade is concluded (1 to 10 again). Its value would've been higher after trading because the total of those before trading choices is unique compared to an exchange sum.