Re: DEAL or NO DEAL (TV Game Show) How Decide?
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I've seen things as cut and dry as a $200,000 case and two nothing cases with a $70,000 deal getting turned down.
People should really think about the concepts of expected value and risk aversion for five minutes before getting on the show. But that doesn't make good TV.
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People are morons, even university graduates who take math-based courses don't understand elementary EV and risk adversion concepts, and seeing Deal-or-no-deal contestants play horrendously tilts me hard.
In fact, the entire game is structured in such a way, that a "deal" is usually higher than the actual amount in the box. This makes most contestants look like geniuses.
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