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bb

BUNUEL Declined.


Wow, that's ballsy! He only has about 15% of the remaining points. l suppose the expected value of him winning the top prize is still more than the value of an iPad, but still...
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my expression = the dog when bunnel declined.

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greenchicken
is this how i register?

Unfortunately registration was over on midnight of September 30th.
It is down to the final prize - First Class flight from anywhere to anywhere
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vwjetty
my expression = the dog when bunnel declined.


My expression (every time the results are announced and I don't find my name) was the same as that of the man who had the great fall. Although you don't see his face, you might imagine what it must have been :lol: :lol: :lol:

To be specific, till now my expression is still the same as in the first picture. Maybe after the results are announced it will as the 3rd one. :lol: :lol: :lol:
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greenchicken
is this how i register?

Unfortunately registration was over on midnight of September 30th.
It is down to the final prize - First Class flight from anywhere to anywhere

Or maybe we need to have a wild card entry :wink: Just to pit everyone against Bunuel :lol: . Seriously think Bunuel will win no matter what.....
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ezhilkumarank


Or maybe we need to have a wild card entry :wink: Just to pit everyone against Bunuel :lol: . Seriously think Bunuel will win no matter what.....

I hope he wins as it may be quite an upset and a riot....
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ezhilkumarank


Or maybe we need to have a wild card entry :wink: Just to pit everyone against Bunuel :lol: . Seriously think Bunuel will win no matter what.....

I hope he wins as it may be quite an upset and a riot....

well it would be his arrogance for skipping on every single prize :P
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hmmmm... here are some interesting bits of information.

When this competition concluded on the midnight of Sep 30th, there were 726 registered users and the total accumulated points was 19638.

Bunuel, the favorite to win the School visit had a winning probability of exactly [highlight]10.23%[/highlight]. With few high ranking members settling down for the 7th ,6th ... 2nd prize, Bunuel chances of winning is only slightly increased. It is slightly more than [highlight]12.63%[/highlight]. Math gurus -- please hightlight if there are any serious rounding or approximation errors since I have not subtracted the points of the 9th and 10th prize winners. I thought those winners would be GMATclub members with fewer points and hence might have settled for those prizes. [CR enthusiasts -- please strengthen/weaken or point out my assumptions in the above statement.]

[SC enthusiasts-- please ignore my grammatical mistakes.]

For all those who believe that you do not have any chance please give the below information a thought. Bunuel chances is little more than 12.63% ... let us assume it is slightly less than 20% (1/5 th), the combined chances of Bunuel not getting it is slightly greater than 80% (4/5th). So don't lose hope ..... tomorrow might be your lucky day!!!!!
:-D :-D :-D

The below piece of information is would be pleasant only for one person (Bunuel) .... and hence all those faint hearted people.... stop reading or turn or your system monitor.

I have just just taken a snapshot of the entire list of participants and here are some interesting information.

Bunuel has 2009 points and the combined points of all those who have less than or equal to 100 points is 8125. Since the number of points is so heavily fractured among so many members it would be very big upset if someone might get the first prize.

Attachment:
gmatclub-competition.png
gmatclub-competition.png [ 4.65 KiB | Viewed 2621 times ]

All said, let the best person win and the most desperate one utilize the prize for his/her greater good. :-D.

Good luck to everyone who still [highlight]believe[/highlight]that they could win..... :-D :-D :-D :-D :-D
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bb
ezhilkumarank


Or maybe we need to have a wild card entry :wink: Just to pit everyone against Bunuel :lol: . Seriously think Bunuel will win no matter what.....

I hope he wins as it may be quite an upset and a riot....

well it would be his arrogance for skipping on every single prize :P

Well, it might not be the case. We can't say anything until the final result is announced and the winner [Bunuel or someone else] accepts his prize. There could also be a scenario wherein Bunuel might decline the first prize also to ensure that the most needy one gets it.....
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ezhilkumarank
hmmmm... here are some interesting bits of information.

When this competition concluded on the midnight of Sep 30th, there were 726 registered users and the total accumulated points was 19638.

Bunuel, the favorite to win the School visit had a winning probability of exactly [highlight]10.23%[/highlight]. With few high ranking members settling down for the 7th ,6th ... 2nd prize, Bunuel chances of winning is only slightly increased. It is slightly more than [highlight]12.63%[/highlight]. Math gurus -- please hightlight if there are any serious rounding or approximation errors since I have not subtracted the points of the 9th and 10th prize winners. I thought those winners would be GMATclub members with fewer points and hence might have settled for those prizes. [CR enthusiasts -- please strengthen/weaken or point out my assumptions in the above statement.]

[SC enthusiasts-- please ignore my grammatical mistakes.]

For all those who believe that you do not have any chance please give the below information a thought. Bunuel chances is little more than 12.63% ... let us assume it is slightly less than 20% (1/5 th), the combined chances of Bunuel not getting it is slightly greater than 80% (4/5th). So don't lose hope ..... tomorrow might be your lucky day!!!!!
:-D :-D :-D

The below piece of information is would be pleasant only for one person (Bunuel) .... and hence all those faint hearted people.... stop reading or turn or your system monitor.

I have just just taken a snapshot of the entire list of participants and here are some interesting information.

Bunuel has 2009 points and the combined points of all those who have less than or equal to 100 points is 8125. Since the number of points is so heavily fractured among so many members it would be very big upset if someone might get the first prize.

All said, let the best person win and the most desperate one utilize the prize for his/her greater good. :-D.

Good luck to everyone who still [highlight]believe[/highlight]that they could win..... :-D :-D :-D :-D :-D

My numbers agree with your 12.6% before accounting for 9th and 10th place prizes. However, I count about 2475 points among those two prizes, increasing his odds to just over 15%. Assuming that the 1st place prize ends up being worth more than $5,000, rational expectation would support his decision to decline the iPad. However, behavioral economics suggests that people generally would take the sure thing if it's close. I therefore deduce that Bunuel is less risk averse than the average bear.

ps - I keep saying "he" but do we know whether Bunuel is actually male? Just curious...
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I love the low-down on the odds for Bunuel to win the trip! :)

.......bb, if Bunuel does not win, there should be a consolation prize for him :D
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ezhilkumarank
hmmmm... here are some interesting bits of information.

When this competition concluded on the midnight of Sep 30th, there were 726 registered users and the total accumulated points was 19638.

Bunuel, the favorite to win the School visit had a winning probability of exactly [highlight]10.23%[/highlight]. With few high ranking members settling down for the 7th ,6th ... 2nd prize, Bunuel chances of winning is only slightly increased. It is slightly more than [highlight]12.63%[/highlight]. Math gurus -- please hightlight if there are any serious rounding or approximation errors since I have not subtracted the points of the 9th and 10th prize winners. I thought those winners would be GMATclub members with fewer points and hence might have settled for those prizes. [CR enthusiasts -- please strengthen/weaken or point out my assumptions in the above statement.]

[SC enthusiasts-- please ignore my grammatical mistakes.]

For all those who believe that you do not have any chance please give the below information a thought. Bunuel chances is little more than 12.63% ... let us assume it is slightly less than 20% (1/5 th), the combined chances of Bunuel not getting it is slightly greater than 80% (4/5th). So don't lose hope ..... tomorrow might be your lucky day!!!!!
:-D :-D :-D

The below piece of information is would be pleasant only for one person (Bunuel) .... and hence all those faint hearted people.... stop reading or turn or your system monitor.

I have just just taken a snapshot of the entire list of participants and here are some interesting information.

Bunuel has 2009 points and the combined points of all those who have less than or equal to 100 points is 8125. Since the number of points is so heavily fractured among so many members it would be very big upset if someone might get the first prize.

All said, let the best person win and the most desperate one utilize the prize for his/her greater good. :-D.

Good luck to everyone who still [highlight]believe[/highlight]that they could win..... :-D :-D :-D :-D :-D

My numbers agree with your 12.6% before accounting for 9th and 10th place prizes. However, I count about 2475 points among those two prizes, increasing his odds to just over 15%. Assuming that the 1st place prize ends up being worth more than $5,000, rational expectation would support his decision to decline the iPad. However, behavioral economics suggests that people generally would take the sure thing if it's close. I therefore deduce that Bunuel is less risk averse than the average bear.

ps - I keep saying "he" but do we know whether Bunuel is actually male? Just curious...

Oh yes. Thanks for pointing the approximation error. I guess I failed to take the vast numbers into account. There are 250 possible tenth prize and 100 possible 9 place prize winners. Even if on average, I had to take five points for each member it could have been a substantial reduction in the number of points. I guess it is the power of the long tail that tends to sway results in directions least expected.....

I do not totally agree to your statement -- "Bunuel is less risk averse". Being such a good math teacher and a ever-supportive member here, he would have done his homework the day the competition concluded. Given the sheer number of points he had accumulated, he would have guessed it would take a miracle to get the top 2 prizes out of his grasp.

Again, am not predicting anything here. Tomorrow by this time, we could well be arguing one way or the other. Any which way the first prize goes, one thing is certain. This competition has made the child in all of us come out and dance in the open.

Many of us would have felt the same way as akaydee pointed out when he registered for this competition ---
Quote:
Wow! Count me in. I feel like a kid in a candy shop now :-D

At least I did whenever it was noon time (PST) and the result announcement was round the corner :-D :-D :-D
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Well just checked the results in the mor.Congrats Gurpreet.ezhilkumarank-what an analysis... so today is the big day and still i hope to get the ultimate?...yes....i do...yes i do.....Heart says Bunuel but then you never know whats there for us.Thanks BB.A real hit 100K event! :lol:
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wow ... bunuel declined ... i wish that he wins 1st prize . if not then i suggest a consolation prize for Bunuel.
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WOW! I'm in shock Bunuel passed on the iPad. Now I want him/her to win just to hear his/her story!

I also ran some numbers, and calculated that I have approximately a 0.98% chance at that trip. Maybe I'll get lucky?!?

Congrats to all of the winners thus far!
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I was going for the iPad, so if I somehow get the trip, I will pass it on the next in line. I live in the US and I can afford to visit easily enough. I know many of you guys live really far out and this would be a rare and valuable opportunity for you. Good luck!
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Congrats to gurpreet & brainhurt!! :)

What a show!! Kudos to the organizers! A great end of a great competition. No wonder, I wish Bunuel wins.
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