Question
Discuss the biases affecting contestants on the game show Deal or No Deal. What similarities exist between the stock market and this game show? Think
Discuss the biases affecting contestants on the game show "Deal or No Deal". What similarities exist between the stock market and this game show? Think about this!!! Does this game show mimic the stock market and how? Justify your answer. Obtaining a B-range grade will require that you provide your answer using material you have learned in class. Obtaining a higher grade (A-range) requires a well-researched paper. Addressing the St-Petersburg Paradox is just one of the external research initiatives you should in order to secure a robust grade. Specifically, I am looking for reasons, explanations and justifications for human behaviour under uncertainty. What does the theory say and how does "Rational" vs. Behavioural Finance explain contestant behaviour. The game mimics the stock market. Remember this.
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