Friday, March 31, 2006
Deal or No Deal
Deal or No Deal is a new game show that has almost no skill. But some interesting decision making. If you play the online version a few times, you'll realize the TV show has to be about the drama, voyerism, and our society's fascination with people making quick money or losing it all. The show is about the dream, not the game.
And the game as it oughtg to be played isn't about winning a million dollars, it is about trying to maximize the return. There is the base situation when you start and a rapidly changing environment. The winning strategy is to avoid being lured in by the $1M check and instead use logic and averages to maximize the potential return. And sometimes this may mean giving up the chance at a million for one hundred thousand. Of course, under the bright lights and the emotion of live TV, don't ask me to make the obvious logical choice. I'll pick the double or nothing choice anyday.