Monday, April 24, 2006

Deal... or no Deal

Did you know it utilizes the concept known in statistics as expected value? (common notation: e(x))

The expected value of the game - that is, if we were to play this game over and over and over and over and over and over and over again, until the last case, we would come realize that the average gains would equal about $131,477.539 dollars

So if you're ever playing the game and you get to the point where you're above this amount, consider yourself lucky as you're winning. If you're under, the house is winning.

Simple, yet not so simple


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