Fivethirtyeight did an article today on the decision and in the article say that using basic probabilities the right decision is to go for the 2 point conversion.
http://fivethirtyeight.com/features...-away-with-crimes-against-middle-school-math/
His probabilities were about 49% in converting the 2 point conversion and about 41% for the chance to win in OT.
In his summary he said
"Naturally, these educated guess assumptions could be off in various respects, but that 8 percentage point gap is hard to overcome. When people who argue that there’s too much uncertainty to buck the status quo actually list the variables they have in mind (unfortunately, they often don’t), they tend to overestimate the amount that situation-specific variables affect the balance of probabilities. And the variables cited often don’t even cut the way they think they do. For example: In this case, an oft-cited factor is that the Packers’ receiving corps was weakened by injuries, including the loss of Randall Cobb earlier in the game. But, as I discussed in the footnotes, anything that makes the Packers weaker relative to the Cardinals is likely to hurt their chances in overtime more than their chances of converting the 2-point try. Thus, our best (and perhaps slightly conservative) estimate is that the Packers cost themselves about 7.9 percent of a win by kicking rather than going for two, and this whole thing could have been avoided if NFL coaches took the time to sit down and learn some basic percentages."
http://fivethirtyeight.com/features...-away-with-crimes-against-middle-school-math/
His probabilities were about 49% in converting the 2 point conversion and about 41% for the chance to win in OT.
In his summary he said
"Naturally, these educated guess assumptions could be off in various respects, but that 8 percentage point gap is hard to overcome. When people who argue that there’s too much uncertainty to buck the status quo actually list the variables they have in mind (unfortunately, they often don’t), they tend to overestimate the amount that situation-specific variables affect the balance of probabilities. And the variables cited often don’t even cut the way they think they do. For example: In this case, an oft-cited factor is that the Packers’ receiving corps was weakened by injuries, including the loss of Randall Cobb earlier in the game. But, as I discussed in the footnotes, anything that makes the Packers weaker relative to the Cardinals is likely to hurt their chances in overtime more than their chances of converting the 2-point try. Thus, our best (and perhaps slightly conservative) estimate is that the Packers cost themselves about 7.9 percent of a win by kicking rather than going for two, and this whole thing could have been avoided if NFL coaches took the time to sit down and learn some basic percentages."