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Win a School Visit of Your Dreams - Register Here

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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 21:45
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ezhilkumarank wrote:
brainhurt wrote:
ezhilkumarank wrote:
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



And look at akaydee - he/she won a Kaplan class!
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 21:46
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I may have to run the first prize multiple times and see whose name comes up twice first so that the most deserving member gets it....

Not feeling very comfortable leaving it to a chance....
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 21:52
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The email have gone out to all of the winners of prizes 10 through 3.
Winners of the second prize will be notified a bit later (in a few years when the iPad is $5 :lol:)
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 22:08
bb wrote:
I may have to run the first prize multiple times and see whose name comes up twice first so that the most deserving member gets it....

Not feeling very comfortable leaving it to a chance....


Absolutely BB !
The most deserving person should win the 1st prize. And the Person who deserves it the most is none other than Bunuel. We-GMATCLubers owe a LOT to him !

Congratulations Gurpreet and brainhurt on winning the Ipad :D


I wish we have events such as this one more often on this club :-D
I am really happy for GMATCLUB...Yaaaaayaayyyyy!!!

:woohoo
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 22:09
The only reson for bunel to decline iPad is having one already. And gurpreet missed a trip of life.(n chance to meet air-hostess) ;-) :-D
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 22:22
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PranavChamp wrote:
The only reson for bunel to decline iPad is having one already. And gurpreet missed a trip of life.(n chance to meet air-hostess) ;-) :-D


You do fly in the clouds up there but those relationships and smiles disappear just as fast
I don't think it is where Gurpreet should be looking for companionship ;)
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 22:23
congrats gurpreet and brainhurt....:)

Hope bunnel is the one accepting first prize :P
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   Updated on: 11 Oct 2010, 22:55
i think BUNEL is undisputed winner!!! He has done so much for quant on GC.

Originally posted by PranavChamp on 11 Oct 2010, 22:31.
Last edited by PranavChamp on 11 Oct 2010, 22:55, edited 1 time in total.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   11 Oct 2010, 22:33
Congrats gurpreet and brainhurt!

Gurpreet you will miss air-hostess :)
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 00:16
haha Thanks guys...I agree I will miss air-hostess...but as BB has pointed out I don't want for some time, it will UN-necessary distract from my ultimate goal - MBA. :-D I might end up earning post graduation in other profession..

I agree with BB regarding multiple draws. The prize is big and the best person should win.

Even if he rejects the first prize, he is the ultimate winner of the competition.
I wish him good luck not only for today's draw but also for the future.

:-D bunuel you are in the wrong profession. You should seriously consider legal gambling.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 00:53
so what're you planning to do with your iPad?
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 02:20
bb wrote:
I may have to run the first prize multiple times and see whose name comes up twice first so that the most deserving member gets it....

Not feeling very comfortable leaving it to a chance....


[highlight]GMAT Club reserves full rights for any reason to make determinations on winner, switch prizes or cancel for any reason[/highlight]..BB will be using 14th law of game today... :wink:
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 02:21
I don't agree with changing the rules one day before the final draw.

I totally support the idea that Bunuel deserves the biggest price thanks to his contribution, but manipulating a draw to give him the price I think it is going too far. It should have been something to decide at the beginning. I will be crap if the winner is a new member with 1 kudo and 1 post, but well... the rules are clear, and a draw is a draw, everything can happen.

I'm sure there are plenty of people that have won something without contributing anything, do you plan to review all the winners?. Or perhaps others have declined prices thinking in their chances to win the 1st price, and now is going to be assigned.

I'd suggest to create a consolation price for him in case he doesn't win the trip.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 02:35
rid82 wrote:
I don't agree with changing the rules one day before the final draw.

I totally support the idea that Bunuel deserves the biggest price thanks to his contribution, but manipulating a draw to give him the price I think it is going too far. It should have been something to decide at the beginning. I will be crap if the winner is a new member with 1 kudo and 1 post, but well... the rules are clear, and a draw is a draw, everything can happen.

I'm sure there are plenty of people that have won something without contributing anything, do you plan to review all the winners?. Or perhaps others have declined prices thinking in their chances to win the 1st price, and now is going to be assigned.

I'd suggest to create a consolation price for him in case he doesn't win the trip.


I agree with rid, I only declined my prize (the grammar book & GMAT club tests) thinking I have a chance at the big one. Bunuel does deserve some kind of a prize, though he declined a few (much better) himself, probably for the same reasons as I declined mine.
Anyhow whatever the decision will be I wish all the luck for all GMAT club members still in the draw..
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 03:37
Congrats to gurpreet & brainhurt!! I had an eye on that one... :P

Even I agree with rid. Though even I would like Bunuel to win but not like this. Even I declined 9th and 10th prize hoping for better ones. Sadly I have not even made it to waiting list of any other prizes but that doesn't mean I don't hope for 1st prize.

Though the final decision is yours BB, I feel you should stick with the same process of lottery as you have been doing for other prizes.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 04:19
piyushagarwal wrote:
Congrats to gurpreet & brainhurt!! I had an eye on that one... :P

Even I agree with rid. Though even I would like Bunuel to win but not like this. Even I declined 9th and 10th prize hoping for better ones. Sadly I have not even made it to waiting list of any other prizes but that doesn't mean I don't hope for 1st prize.

Though the final decision is yours BB, I feel you should stick with the same process of lottery as you have been doing for other prizes.


I agree with you and rid, but you guys misunderstood BB's comment. Since the prize is huge just one draw should not decide the owner and multiple draws should be done - the person securing the place twice wins the game.
This way the credibility of the game will not be harmed. You never know Bunuel might decline this prize as well.

Just FYI the Ipad winner of the other competition had just one post , which was posted to apply for the competition. The game will be fair in every competition.

Let the luckiest guy win the life-time opportunity.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 06:07
gurpreetsingh wrote:
piyushagarwal wrote:
Congrats to gurpreet & brainhurt!! I had an eye on that one... :P

Even I agree with rid. Though even I would like Bunuel to win but not like this. Even I declined 9th and 10th prize hoping for better ones. Sadly I have not even made it to waiting list of any other prizes but that doesn't mean I don't hope for 1st prize.

Though the final decision is yours BB, I feel you should stick with the same process of lottery as you have been doing for other prizes.


I agree with you and rid, but you guys misunderstood BB's comment. Since the prize is huge just one draw should not decide the owner and multiple draws should be done - the person securing the place twice wins the game.
This way the credibility of the game will not be harmed. You never know Bunuel might decline this prize as well.

Just FYI the Ipad winner of the other competition had just one post , which was posted to apply for the competition. The game will be fair in every competition.

Let the luckiest guy win the life-time opportunity.


we all know BB will do whatever he thinks good for this 100K members celebration...but this drawing twice will be unfair.....

the tagline for today's prize say either randomly or to Bunuel...which clears most of the things .. :!:
Gurpreet i disagree with you for few things if BB had done the Draw twice for Ipad i dont think that person with one post would have got Ipad(the other most deserving forum members should have been considered if this is going to be the today's case)..also the same things applies in Ur Ipad case too ..If the things were repeated twice i think ur waitlist chances would have increased considering previous 3 draws results ....:) no offence please bro..

The other forum members may have refused the earlier prizes to come up for this prize.....so it is discouraging for them completely as rid and all saying..Some regret they could have sell the Prizes of Various prep companies.......
BB should have cleared the things at the time of 10th draw that the first prize is fixed for most deserving member in the forum and its not part of 100K members giveaway......

if the repetition of draw is done till the time person names come twice Its obvious a person with highest number of counts will come up winning first with name repeated twice...
I think BB should be Fair with all other forum members considering the previous 9 draws and other Ipad results..

[highlight]Also these are celebration prizes coz we have 100K members in forum as per LOGO and not just coz of few Members...[/highlight]
BB has already applied his rule that members with more than 1 year of joining can post as many posts as they want so now he should leave the things for first Draw result only..otherwise its like keep giving advantage to few people in the club unless their name comes in draw, although club is celebrating 100K memberships Prizes giveaway.....

rest as the Rule says GMATCLUB has all the rights.....
Thanx
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 07:16
yeah bunuel already has the highest chance to win. If someone with 1 post wins then so be it - people reject prizes to get better ones and if they lose then it's their fault. I wouldve personally picked up ipad if i had the chance but bunuel certainly feels he is riding high so we will see noon today. But at the end of the day what bb does no one will know. And for the drawing twice to get winner suggestion - it totally kills the "luck" factor for a lot of the members since only a couple even have a remote chance of getting drawn twice before someone else (bunuel) does.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 07:31
lnarayanan wrote:
Plz count me in..


:) nice joke, I would give you a kudos!

BB, or guys I have been Un-waitlisted for the 7th prize, but I declined the 10th prize. I also won the 6th prize, but I have declined it. 7th prize was drawn before 6th's.

Why I have been Un-waitlisted for 7th prize? I would take it! :roll:
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Re: Win a School Visit of Your Dreams - Register Here [#permalink] New post   12 Oct 2010, 08:10
shaselai wrote:
lnarayanan wrote:
Plz count me in..



are you kidding me????


:lol: :lol:

@ bb -- Please lock this after end-of-day today or tomorrow.
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Re: Win a School Visit of Your Dreams - Register Here [#permalink]
12 Oct 2010, 08:10
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