Story
How much will you bid for a $100 note?
Your friend invites you for a group dinner and requests the members to participate in an auction game.
Your friend announces that he will auction a one hundred dollar note. The bid amount will be in multiple of dollar five only. This auction is different since in this second highest bidder will also pay the amount he has bid, although he will not win. Example is given below.
Let us assume in the last round there are two players. Bidding has stopped and last bids are, A has bid thirty and B has bid thirty five dollar. In this example, your friend will pay sixty five dollars to B since he is the highest bidder and will get thirty dollars from A, who is the 2nd highest bidder. Hope the rules and results are clear.
Would you be willing to bid dollar five to start the auction?
Photo Adaptation/Flickr/Emilian Robert Vicol
Share on
Similar Stories
Previous Ten
How will you survive a forest fire?
A forest fire is an uncontrolled event occurring...
Are you going to cancel the holidays?
Imagine the following situation.
A few months...
Are you missing beauty?
What would happen, if a world class musician...
Loss of Trust
You work for HR head reporting to the MD, in a...
let us solve simple problems
let us solve simple problems
1. A bat and ball...
Which surgery do you suggest?
Imagine someone is suffering from a critical...
The Whistleblower
A Japanese MNC has a whistle blowing policy under...
Are you rewarding your people correctly?
We often need to reward our children and team...
Will you ever choose a falling income?
You are in an interview and the interviewer asks...
Your role has been advertised online
You had recently taken up a new job in a well...
Demonstrate the soft skills in your resume
In addition to hard and soft skills, we must also exhibit self-management skills e.g. self-motivation, time management and stress management. Being open minded, flexible, adaptable, experimenting and learning from mistakes are the key differentiator for a person's success.
World Economic Forum lists out the top ten soft skills, which employers look for. These are · - Complex Problem Solving · - Critical Thinking · - Creativity · - People Management · - Coordinating with Others · - Emotional Intelligence · - Judgment and Decision Making · - Service Orientation · - Negotiation · - Cognitive Flexibility
As a prospective employee, it is our job to learn and enhance the soft skills continuously as well as demonstrate relevant skills in our resume and during the interview to increase our success rate in the interview process.
Sign In to share your comments
Your Comments
1 Comment