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#1
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Deal or No Deal
So there was a guy on last night with 3 suitcases left. $500,000 in one, $300 and $400 were also on the board. He opted for no deal with an offer of $167,000 on the table. I was floored, absolutely floored by how bad of a decision I thought this was. Anyone feel differently?
First time I had watched the show though and actually was extremely entertained. |
#2
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Re: Deal or No Deal
I like taking the money, isn't it slightly more +ev?
blake |
#3
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Re: Deal or No Deal
[ QUOTE ]
I like taking the money, isn't it slightly more +ev? blake [/ QUOTE ] Yes but I would give up some EV for guaranteed big money, esp. when you have a 67% of walking away with basically nothing. Although the sacrifice in EV couldn't be huge, I love the first few offers where the "deal" is like 10% of the EV. |
#4
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Re: Deal or No Deal
I saw one where the woman won $5, b/c she kept going no deal (probably wisely) but then the big money got taken off the board, her offer plummeted and she had no choice but to procedd. Anyway the $5. Do you think she will report this on her taxes?
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#5
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Re: Deal or No Deal
[ QUOTE ]
I saw one where the woman won $5, b/c she kept going no deal (probably wisely) but then the big money got taken off the board, her offer plummeted and she had no choice but to procedd. Anyway the $5. Do you think she will report this on her taxes? [/ QUOTE ] i saw that too and it was the perfect lesson about greed, considering she had her church choir in the studio! i just new God was gonna teach her a lesson. she passed up 179k |
#6
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Re: Deal or No Deal
So he turned down 167K with a 1/3 chance at 500K? If this is correct I agree it was a bad move.
Swede |
#7
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Re: Deal or No Deal
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#8
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Re: Deal or No Deal
[ QUOTE ]
So he turned down 167K with a 1/3 chance at 500K? If this is correct I agree it was a bad move. [/ QUOTE ] Basically it's like they put $167k in his hands, and he opted to put $83.5k on 1-12 and $83.5k on 13-24 on a roulette table and spin the wheel. |
#9
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Re: Deal or No Deal
EDIT: Never mind, I mis-read the OP.
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#10
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Re: Deal or No Deal
[ QUOTE ]
Guy has 1/3 equity in $500k, doesn't he? How is taking 1/3 of that wrong? [/ QUOTE ] He Didn't take the deal. Opted to gamble and risk losing everything with no EV advantage, plus the risk premium you'd have to consider with a life changing amount of money on the table. This is what blew me away. |
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