Game (Show) Theory: Plinko, Prizes, and Probability
We're branching out to tackle the game shows Let's Make a Deal and The Price is Right to give you a strategy guide for winning thousands of dollars in fabulous cash and prizes the next time you find yourself in a studio audience.
So, if the odds of getting $50,000 are .05%, you would have to play the game 2,000 times for the likelihood of someone winning to rise to 100%. (100 / .05). The game was introduced in episode 84 of season 11. So there's a statistical probability that someone could've won in the 5,655 episodes sine then, except for the fact that they don't play Plinko every episode. If they only play it on average 1/3 of the episodes, or 1,885 times, there haven't yet been enough trials. However, since each trial doesn't affect the others, there is a non-zero chance that Plinko will remain unwon, even beyond the 2,000 plays mark.
After watching this a few dozen more times, I STILL DON'T UNDERSTAND THE MONTY HALL PROBLEM!
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I have an extreme tendency to over think things. I'm glad I'm not the only one.
ya it's confusing the did the monty hall problem on mythbusters and i didn't quite get it i mean enough to know to switch but now watching this one i got it
took 10 minutes to watch the video. Plus 20 to understand the monty paradox.
Interesting spin on your show. It's a cool idea and now Bonus points. 1:07 the guy pressing his luck is Micheal Larson. the one and only person to break the game. 1:44 is that a Lavern and Shirley reference?
In regards to Plinko, odds of hitting the middle slot is not the whole story. What you should be really asking is, what is the "expected value" (average amount of money won) for each starting slot? And since the ending slots immediately adjacent to the middle are zeroes, this analysis might actually reveal that slot 5 is not the best choice, though I'm too lazy to crunch the numbers myself and find out.
to answer your question its just a coincedence but it is the same font
Is it just me or does font used in the "The price is right" look a whole lot like the one used by rock star studios in Grand theft auto? or yeah, the other way around considering which came first. Strange coincidence or something more?
Wow, I learned a lot, and I love the LOL cat at the beginning. [=)]
I was about to say the same. And this comes up like everyday. Someone asks a question about something and I'll be like "Mythbusters did it." It's like the South Park episode "The Simpsons already did it" except irl.
Im sorry you math on probability is a little off, reply if you want explaination, referring to deal or no deal.
Its true that Mythbusters did first this, but dude, dont be rude with him.Not evryone watch Mythbusters.
My parents were on that show.If they had won I would be working at SEGA.
If you really wanted to you could run calculations for landing in each cash location using the same equation. You'll just find that the plot will be normally distributed, will less chance that the chip will travel further away from the 10K. However, since there are 2 $0 locations, you have to multiply the answer you get by 2, so yes, there would be more of a probability that you would land in the $0 location than in the 10K. As you said, one 10K chip is better than 6 1K chips, but I wonder if going above the $0 would allow for better chance in getting more money. I'll have to get back to you on this, you've gotten me curious now.
Dear god I actually used the Stats course I took last quarter... *mind blown*
You do know Mythbusters (Yes the ones on Tv) have actually beaten you to this, right, dood? Because they have... and nobody switches... ever~
I got that much. What I meant was is the center lane the best spot to place the chip with a $0 slot on either side? After looking at it some more, it is best to go for the 10k due to low cash values on the edges. One chip in the 10k beats all 6 chips in the 1k.
that was fantastic!