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Problem \#11 Imagine that there are N agents. Furthermore, assume that agent i receives signal...

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Problem \#11 Imagine that there are N agents. Furthermore, assume that agent i receives signal iU[1,1]. Signals are independently drawn and are only privately known. Assume that the payoff of an individual who is idle is equal to 0 and an individual who is active receives a payoff of i=1+2++i1+i+i+1++N. Imagine that 1=51, and i=N0.01+2i11 for i2. Assume that agents move sequentially. Now, consider a new agent - N+1 st - whose signal is equal to 1 . Is this agent going to be active? a) No b) Yes c) Only if agent N was active d) Only when N

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