If There Are 100 Tickets to a Concert and 200

question 212

Multiple Choice

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?

• A) hold an auction
• B) hold a random drawing
• C) Both are equally efficient.
• D) It is impossible to say which is more efficient.

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Definitions:

Mathematics

The abstract science of number, quantity, and space, either as abstract concepts (pure mathematics), or as applied to other disciplines such as physics and engineering (applied mathematics).

Mechanics

The branch of physics concerned with the motion of objects and the forces that cause this motion; also refers to the skilled trade of working with machinery.

Yellow Fever Epidemic

A severe outbreak of Yellow Fever, a viral disease transmitted by mosquitoes, which killed thousands in multiple instances throughout history, particularly in densely populated areas.

Plunder

The act of robbing goods by force, especially during war or conflict, often associated with pillaging.