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I thought it didn't matter if you won or lost because the prizes are worth less the the cost of playing : Ira Glass on a age guessing game at a park run by som
by acomjean 9y ago
I thought it didn't matter if you won or lost because the prizes are worth less the the cost of playing :
Ira Glass on a age guessing game at a park run by someone named Sarah:"
Later, Sarah privately confirmed for me that she did intentionally take a dive. Which is fine with Cole, because it turns out, it doesn't matter if the kids guess right. The game costs $5 to play. The prizes cost less than $5. Sarah can be wrong with every single guess, and they'd still make a nice profit. In fact, it's good to lose, because people carrying prizes around the park are a walking advertisement for all the games."
https://m.thisamericanlife.org/radio-archives/episode/443/transcript https://m.thisamericanlife.org/radio-archives/episode/443/tr...
- leereeves 9y ago> I thought it didn't matter if you won or lost because the prizes are worth less the the cost of playing He does mention that in the video.
- heeen2 9y agoEvery retail business sells items for profit. I guess the chance involved in games enables or justifies the wishful thinking that the prices were more valuable than the bet.
- paulryanrogers 9y agoIsn't this the whole point of gambling in casinos where the house has the edge?
- barney54 9y agoMark Rober explains that in the video. Though I think there are a couple big prizes where the value exceeds the price to play.