Comments on: The Sketchy Game Theory of Deal or No Deal /2007/the-sketchy-game-theory-of-deal-or-no-deal/ less helpful Tue, 23 Dec 2008 19:59:52 +0000 hourly 1 https://wordpress.org/?v=6.8.2 By: Scott Elias /2007/the-sketchy-game-theory-of-deal-or-no-deal/#comment-2379 Fri, 13 Apr 2007 00:24:26 +0000 /?p=204#comment-2379 This show makes me wish I was still teaching prob & stats. SO many good opportunities for discussion. Though I have stopped short of grabbing my laptop during the show, I’d be interested to see what you came up with!

I also wonder whether (or how much) the banker tweaks the offer based on his perception of the contestant’s tolerance for risk.

]]> By: Rich /2007/the-sketchy-game-theory-of-deal-or-no-deal/#comment-2378 Thu, 12 Apr 2007 23:17:14 +0000 /?p=204#comment-2378 The MathGrad podcast has a nice, succinct audio explanation of the Deal of No Deal phenomenon (check out shows 11 and/or 12).

The first (and only) time that I watched that show, I was frustrated to no end when the contestant and his loving-but-completely-mathematically-ignorant family kept going for the big $$$ even when the odds kept stacking further and further against them! This is one of several reasons that I could never seriously try gambling. Oh, and the fact that I have a teacher’s salary ;-)

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