3 ms·

There's a TV show in the UK that uses a spin on this - it's called 4 rooms. The premise is that people come on the show with, what they consider to be, a valua

There's a TV show in the UK that uses a spin on this - it's called 4 rooms. The premise is that people come on the show with, what they consider to be, a valuable artifact. They then have the chance to take it to 4 collectors who will offer them a sum of money for said artifact. The aim is to come away with the best offer you can get - but you only get one shot with each collector, you can't go back to a previous one because all other offers have been lower.

oggy 13y ago
Are the collectors aware of the order in which they talk to the seller? That is, is the 4th collector aware that he's the "last chance" for the seller?
- ronaldx 13y ago
  No, it's claimed they are not aware. Although it's not clear how they avoid timing attacks.
- AUmrysh 13y ago
  Sometimes they ask and the seller will tell them. Sometimes the seller will try to use it as a bargaining tactic (which inevitably fails).
jonlucc 13y ago
According to the article, with such a small n, the contestant should visit ~1.47 of collectors before picking the best one. That's hard to do in practice.
- sesqu 13y ago
  According to the article, with such a small n, the contestant should reject the first collector and pick the best offer from the other three.
  - jamesiain 13y ago
    More precisely; reject the first offer but note the price, accept any offer that beats the first one, or accept the final offer if none beat the first.