hilarious! and mathematically enlightening.....all at once.
I play this game at home with my grand daughter and the only advice I give is when I am down to just 2 suit cases and one has a lot of money and one has a little bit of money I never trade in my ...
Mostly right but slightly flawed. Does not take into account likelihood bankers offer will increase after next case opening and/or standard deviation. Sharpe ratio is better metric
I won the million! I had the 1 dollar case and the 1,000,000 case, and I stayed with my case and won a million :)
Impressive analytical skills. @David, from my assessment, the chances are more equal than they differ. Using your conviction, pick one and stick with it..
Great commentary! I am a math novice, but capable. What would be the best position to be in when competing in the final spin of the game show, The Price is Right", 1st, 2nd, or 3rd? I would assum...
This is an amazing discussion and I stayed up way too late reading through it. Even though it's long dead, I wanted to add a few thinking points for the next guy or girl who might come along thin...
I have a winning strategy. 1) Calculate the odds of getting a better offer by counting the number of briefcases that, if eliminated, would increase the average value of the briefcases. 2) Calcula...
Due to the fact that the banker's offer is likely to go up after rejecting the deal distorts all the probabilities of just looking at the mean. By saying no deal in the situation she rejects 80,0...
Ok, don't know if anyone else has written it here yet but I'm from england, and over here where the show originated therefore me having many many years of knowledge of it, the banker quite simply...