A Decision Making Error - Easy Question
This is the first of several stories I plan to tell about the time I served as Bob Stupak's Resident Wizard at Vegas World. It has implications for many situations.
Upon checking in to the hotel under his package deal the guest had a choice among five "gifts". They cost Bob about twenty bucks though he placed a $200 or so retail value on them.
One of the gifts became unavailable to him. So he had to find a replacement He had it narrowed down to two possibilities. To make his decision he conducted an experiment where only those two gifts were offerred to about a thousand patrons. About 60% picked gift A. So Bob was about to choose that to be added to the five gift menu. I knew what the two candidate gifts were and insisted that he picked the wrong one. (To tell you what the gifts were would be too much of a hint.) He asked how I could possibly go against the statistical evidence. To which I replied what?
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