Hi-Lo Game
CAT 2020 Slot 3 · DILR · Medium · Game Theory
Passage / data set
The Hi-Lo game is a four-player game played in six rounds. In every round, each player chooses to bid Hi or Lo. The bids are made simultaneously.
- If all four bid Hi, then all four lose 1 point each.
- If three players bid Hi and one bids Lo, then the players bidding Hi gain 1 point each and the player bidding Lo loses 3 points.
- If two players bid Hi and two bid Lo, then the players bidding Hi gain 2 points each and the players bidding Lo lose 2 points each.
- If one player bids Hi and three bid Lo, then the player bidding Hi gains 3 points and the players bidding Lo lose 1 point each.
- If all four bid Lo, then all four gain 1 point each.
Four players Arun, Bankim, Charu, and Dipak played the Hi-Lo game. The following facts are known about their game:
- At the end of three rounds, Arun had scored 6 points, Dipak had scored 2 points, Bankim and Charu had scored -2 points each.
- At the end of six rounds, Arun had scored 7 points, Bankim and Dipak had scored -1 point each, and Charu had scored -5 points.
- Dipak's score in the third round was less than his score in the first round but was more than his score in the second round.
- In exactly two out of the six rounds, Arun was the only player who bid Hi.
Question 1 of 6
What were the bids by Arun, Bankim, Charu and Dipak, respectively in the first round?
- A.
Hi, Lo, Lo, Lo
- B.
Lo, Lo, Lo, Hi
- C.
Hi, Lo, Lo, Hi
- D.
Hi, Hi, Lo, Lo
C
Explanation
In round 1, Arun and Dipak bid Hi while Bankim and Charu bid Lo, giving the bid combination Hi, Lo, Lo, Hi.
Question 2 of 6
In how many rounds did Arun bid Hi?
4
Explanation
Arun bid Hi in 4 out of the 6 rounds.
Question 3 of 6
In how many rounds did Bankim bid Lo?
4
Explanation
Bankim bid Lo in 4 out of the 6 rounds.
Question 4 of 6
In how many rounds did all four players make identical bids?
2
Explanation
All four players made identical bids in 2 rounds.
Question 5 of 6
In how many rounds did Dipak gain exactly 1 point?
1
Explanation
Dipak gained exactly 1 point in 1 round.
Question 6 of 6
In which of the following rounds, was Arun DEFINITELY the only player to bid Hi?
- A.
Second
- B.
Third
- C.
Fourth
- D.
First
A
Explanation
Arun was definitely the only player to bid Hi in the second round.
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