"Deal or No Deal"

An empirical analysis of contestant decision-making and risk-aversion in the TV game show "Deal or No Deal" (the Australian Version).  See here.

Comments

[linda]

These groups should team up to get a global data set. What pleads for the Dutch group is the big prize in Holland (up to 5m euro!), which dwarfs the other shows. And the Holland-Germany comparison in the Dutch study is a real eye-opener. Keep up the good work!

[sjp]

There is also one on the Italian version of the show (Bombardini and Trebbi http://www.people.fas.harvard.edu/~trebbi/BT_17nov2005.pdf), and yet another one on the Australian version of the show (Mulino, Scheelings, Brooks and Faff http://papers.ssrn.com/sol3/papers.cfm?abstract_id=877012). I believe that Glenn Harrison in Florida is working on a large cross-country sample also. There are doubtless a few others out there also.

[PLN]

Here's another one on the same topic. Post, Thierry, Van den Assem, Martijn J., Baltussen, Guido and Thaler, Richard H., "Deal or No Deal? Decision Making Under Risk in a Large-Payoff Game Show": http://papers.ssrn.com/sol3/papers.cfm?abstract_id=636508