It's nice to see Cards fan represent on the show:
Our own 100%CardsFan is the emcee!
Our own 100%CardsFan is the emcee!
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marathon_mom said:Anyone else watch this show? I bet that woman cut off her hubby for a month after pushing her into that decision. Lost $138K. Greedy SOB.
Pariah said:I would invite the top mathmaticians and statisticians from the local universities to be my advisors.
I stole it from him. I use it to out-think Howie Mandel every night at 7.Ryanwb said:...or just Djaughe and his magical calculator
abomb said:Am I a nerd for calculating the odds on the fly in Excel, calculating people's expected values and then criticizing them when they make the wrong choice?
A-Bomb
Russ Smith said:If I had to make one change, instead of having briefcases the models open, they should just put the dollar amounts on the models bodies so they simply undress to reveal the amount.
Yes, you are treating the game like an actuary. To borrow from economics, there is no reason assume that a person's utility from winning $1 M would be exactly 50x as great as their utility if they only won $20 K.abomb said:Am I a nerd for calculating the odds on the fly in Excel, calculating people's expected values and then criticizing them when they make the wrong choice?
Russ Smith said:Yeah you have to send a video in. last night was the first time in my life I ever actually texted to enter some stupid contest, didn't win the 10K though.
I have my own personal theory on the show which is impossible to clearly explain but the general rule of thumb is, if your offer exceeds ~ 100K, you take the deal unless the ratio of high numbers on the right side is good. What the exact ratio is, I can't say, I just "know it when I see it". My guess is nobody is ever actually going to get down to 1 briefcase plus their own and have the balls to stick with their own, so the guy that got over 400K earlier this year did REALLY well.
abomb said:I am a dork. I made a spreadsheet while watching once and was calculating the expected value based on the number of remaining briefcases and what values we knew. By doing that, you could clearly see that people get screwed early in the game, ie the banker only offers 40-60% of the expected value. When it gets to four or so briefcases, the payout was a bit better, maybe 80% or so, but statistics would tell you to try to get that number as close to 100% as possible before accepting the offer.
I can give an easy example if anyone cares. lol
abomb said:I am a dork. I made a spreadsheet while watching once and was calculating the expected value based on the number of remaining briefcases and what values we knew. By doing that, you could clearly see that people get screwed early in the game, ie the banker only offers 40-60% of the expected value. When it gets to four or so briefcases, the payout was a bit better, maybe 80% or so, but statistics would tell you to try to get that number as close to 100% as possible before accepting the offer.
I can give an easy example if anyone cares. lol
abomb said:I am a dork. I made a spreadsheet while watching once and was calculating the expected value based on the number of remaining briefcases and what values we knew. By doing that, you could clearly see that people get screwed early in the game, ie the banker only offers 40-60% of the expected value. When it gets to four or so briefcases, the payout was a bit better, maybe 80% or so, but statistics would tell you to try to get that number as close to 100% as possible before accepting the offer.
I can give an easy example if anyone cares. lol