3 ms·
Hell yes there are lots of variables. It is a big decision. This decision in it's purest form can be seen on the game show "Deal or No Deal" where they choose
by bbcbasic 12y ago
Hell yes there are lots of variables. It is a big decision.
This decision in it's purest form can be seen on the game show "Deal or No Deal" where they choose between an unknown value in a box and a $ amount from the 'dealer'. Even this simplified version of the problem gets the contestant on edge and they really have to think hard about it, talk to their spouse etc.
- dalke 12y agoA gameshow is a sandbox. No contestant will end up bankrupt as part of the show. The worst possible case is winning nothing. While the contestant can be out travel costs and opportunity costs, those are not part of the game itself. Therefore I don't think it really includes a risk of ruin. Now, if the expected value were awarded at each stage, and had to be reported as taxable income, and losing the show required that the contestant pay back the money but still had to pay the taxes, than that would have a real risk of ruin.