We analyze the BBC TV game show "The Weakest Link", using data from 77 episodes, covering 13,380 questions. We focus on the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a general knowledge question. In the latter case, should he answer correctly, the amount at stake increases exponentially. We show that banking decisions are not rational: a crude rule of thumb performs substantially better than the contestants’ strategies. Yet, at least to some extent, contestants do take into account their own ability and the fact that questions are progressively more difficult.Experimental Economics, TV Game Shows, Bounded Rationality
We examine cooperative behavior when large sums of money are at stake, using data from the TV game s...
textabstractThe central theme of this dissertation is the analysis of risky choice. The first two ch...
This paper examines data from the Norwegian television game show Joker, where contestants make well-...
We analyze the BBC TV game show “The Weakest Link”, using data from 77 episodes, covering 13,380 que...
We analyze the BBC TV game show “The Weakest Link”, using data from 77 episodes, covering 13,380 que...
We analyze contestants' behavior in the game show "The Weakest Link". We focus on banking decisions,...
The paper uses dynamic programming to investigate when contestants should bank their current winning...
This paper empirically investigates the rationality assumption commonly applied in economic modeling...
The paper uses dynamic programming to investigate when contestants should bank their current winning...
This paper examines the quiz show Jeopardy!. In the game, players accumulate points then wager the...
Abstract We examine the risky choices of contestants in the popular TV game show "Deal or No De...
We examine high stakes three-person bargaining in a game show where contestants bargain over a large...
Abstract This paper empirically investigates the rationality assumption commonly applied in economic...
A continuing goal of experiments is to understand risky decisions when the decisions are important. ...
We examine high stakes three-person bargaining in a game show where contestants bargain over a large...
We examine cooperative behavior when large sums of money are at stake, using data from the TV game s...
textabstractThe central theme of this dissertation is the analysis of risky choice. The first two ch...
This paper examines data from the Norwegian television game show Joker, where contestants make well-...
We analyze the BBC TV game show “The Weakest Link”, using data from 77 episodes, covering 13,380 que...
We analyze the BBC TV game show “The Weakest Link”, using data from 77 episodes, covering 13,380 que...
We analyze contestants' behavior in the game show "The Weakest Link". We focus on banking decisions,...
The paper uses dynamic programming to investigate when contestants should bank their current winning...
This paper empirically investigates the rationality assumption commonly applied in economic modeling...
The paper uses dynamic programming to investigate when contestants should bank their current winning...
This paper examines the quiz show Jeopardy!. In the game, players accumulate points then wager the...
Abstract We examine the risky choices of contestants in the popular TV game show "Deal or No De...
We examine high stakes three-person bargaining in a game show where contestants bargain over a large...
Abstract This paper empirically investigates the rationality assumption commonly applied in economic...
A continuing goal of experiments is to understand risky decisions when the decisions are important. ...
We examine high stakes three-person bargaining in a game show where contestants bargain over a large...
We examine cooperative behavior when large sums of money are at stake, using data from the TV game s...
textabstractThe central theme of this dissertation is the analysis of risky choice. The first two ch...
This paper examines data from the Norwegian television game show Joker, where contestants make well-...