What is bidders canal ?

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Solution

Bidder's canal is present inside kidney of frog. It receives sperms from testes via a number of vasa efferentia

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Q. Assertion :Bidder canal is associated with the conduction of sperms of frog. Reason: These canals are the part of frog's reproduction system and cannot to the cloaca of frog.

Q. The BCCI decided to hold an auction to sell IPL teams. 12 bidders registered for the auction. Unknown to the BCCI, these 12 bidders had entered into a contract that they would not bid more than a certain amount.

Q. Select the most appropriate word for the given description:
A public sale in which articles are sold to highest bidders.

A. When bids for an item are based on estimates of the item's value, the winner is the bidder who overestimates this value the most.

B. Intuitively, most people bid more aggressively when faced with more bidders, but more aggressive bidding increases the chances that a bidder will fall victim to the winner's curse.

C. The mathematical explanation for the winner's curse, first observed in bidding for oil fields, reveals the subtle intricacies of this apparently simple game.

D. The classroom experiment demonstrating the winner's curse illustrates the complex relationship between game theory, human intuition, and optimal decision making.

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