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May 21st, 2010, 09:39 AM
#1
Thread Starter
Addicted Member
For future Deal Or No Deal Contestants:
Here's a little trick that can help you determine whether or not to accept the banker's offer:
E(x) = (-1*total value of high-value cases*P(eliminating a high-value case)) * (total value of low-value cases*P(eliminating a low-value case))
where the result is in dollars. This is called expected value and it can be used in betting. In this case, we assume that you are betting the value of the non-eliminated low-value cases and that Deal or No Deal is betting the value of the non-eliminated high-value cases.
Note that the expected value does not, and never will, equal the banker's deal.
Last edited by moonman239; May 21st, 2010 at 10:12 AM.
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