(Answered) Question paragon considers placing a sealed bid in an

Statistics

Question: Paragon considers placing a sealed bid in an on-line auction for a rare Camera Action Card. The graphs represent Paragon's beliefs about this auction. Paragon is risk-neutral over the range of values below.

Paragon considers a bid of $1. Evaluate this bid from the perspective of each of the graphs above. Is it a reasonable bid?

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