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Wizard
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Wizard
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May 30th, 2019 at 9:23:09 AM permalink
Quote: onenickelmiracle

Can we be disciplined here for what goes on there?



Yes.
It's not whether you win or lose; it's whether or not you had a good bet.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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May 30th, 2019 at 10:22:34 AM permalink
Quote: Wizard

Yes.

Shucks.
#FreeNATHAN #Paytheslaves
Gialmere
Gialmere
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May 30th, 2019 at 6:51:10 PM permalink
So what would you do on "Deal or No Deal"? In your scenario there are two suitcases remaining: one in your possession and one still available. One case contains a penny, the other case contains $1,000,000 and the Banker is offering $400k for you to just walk away. Is there a mathematical best play here à la the Monty Hall problem or is it merely a coin toss 50-50 situation with a tempting but undervalued banker offer on the side?
Have you tried 22 tonight? I said 22.
Wizard
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Wizard
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May 30th, 2019 at 7:24:03 PM permalink
Quote: Gialmere

So what would you do on "Deal or No Deal"? In your scenario there are two suitcases remaining: one in your possession and one still available. One case contains a penny, the other case contains $1,000,000 and the Banker is offering $400k for you to just walk away. Is there a mathematical best play here à la the Monty Hall problem or is it merely a coin toss 50-50 situation with a tempting but undervalued banker offer on the side?



This has been discussed before, but you have to consider the wealth of the player. Let's call the wealth the player, not counting any winnings from the show, w. Let me ignore the penny and assume the other case has zero. He should be indifferent to an offer of $400,000 at w, where:

ln(w+400000) = .5*ln(1000000+w) + .5*ln(w)
ln(w+400000) = .5*ln((1000000+w)*w)
ln(w+400000) = ln((1000000w + w^2)^0.5
w + 400000 = (w^2 + 1000000w)^0.5
(w + 400000)^2 = w^2 + 1000000w
w^2 + 800000*w + 160,000,000,000 = w^2 + 1000000w
160,000,000,000 = 200,000 w
w = 800,000.

So, if the player has wealth of less than $800,000, not counting anything from the show, then take the offer, flip a coin at exactly $800,000, and reject at more.
It's not whether you win or lose; it's whether or not you had a good bet.
Wizard
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Wizard
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June 5th, 2019 at 5:31:20 PM permalink
Tomorrow's Live Stream topic shall be Jeopardy, especially Monday's show, on which Jeopardy James lost. Here is a link for you:

Wizard of Odds Live Stream -- 3:00 Pacific time

However, if there aren't enough Jeopardy questions, then we open it up to anything.

Attendance has been rather small so far, so this is your chance to get my attention and be remembered for years for your participation. Don't make me beg.

Thanks!
It's not whether you win or lose; it's whether or not you had a good bet.
Boz
Boz
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June 5th, 2019 at 5:40:29 PM permalink
Quote: Wizard

Tomorrow's Live Stream topic shall be Jeopardy, especially Monday's show, on which Jeopardy James lost. Here is a link for you:

Wizard of Odds Live Stream -- 3:00 Pacific time

However, if there aren't enough Jeopardy questions, then we open it up to anything.

Attendance has been rather small so far, so this is your chance to get my attention and be remembered for years for your participation. Don't make me beg.

Thanks!



Since itís not WoV, invite Nathan and Kentry and get record ratings.
Wizard
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Wizard
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June 5th, 2019 at 6:03:21 PM permalink
Quote: Boz

Since itís not WoV, invite Nathan and Kentry and get record ratings.



I'll invite Nathan after she gets off suspension at DT.
It's not whether you win or lose; it's whether or not you had a good bet.
terapined
terapined
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June 5th, 2019 at 7:26:02 PM permalink
Quote: Wizard

Tomorrow's Live Stream topic shall be Jeopardy, especially Monday's show, on which Jeopardy James lost. Here is a link for you:

Wizard of Odds Live Stream -- 3:00 Pacific time

However, if there aren't enough Jeopardy questions, then we open it up to anything.

Attendance has been rather small so far, so this is your chance to get my attention and be remembered for years for your participation. Don't make me beg.

Thanks!



Caught the 1st show
Probably cant watch more because my hours have changed
I switched accounts at work and my clients are mostly on the West Coast so working west hours now even though live east coast, 1130am EST to 730pm EST :-(
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
michael99000
michael99000 
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June 5th, 2019 at 11:27:56 PM permalink
Quote: Wizard

I'll invite Nathan after she gets off suspension at DT.



Good idea. Nathan brings ratings, no matter the venue.

If you ever promise to have both Nathan and Kentry there , even better.
MaxPen
MaxPen
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June 6th, 2019 at 2:26:19 PM permalink
I would make it a point to tune in if you could get Nathan, Kentry, and Luscious Sweet on at the same time. There has to be a lottery prediction though.😀
Truthfully I'd probably tune in if it's just Nathan.

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