Wednesday, November 13, 2013

How to Beat The Price is Right

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 Ben Blatt breaks down how to beat the games on The Price is Right
NOW and THEN is hardly the only contest where game theory can greatly increase your chances. Many others can be cracked with a bit of knowledge of the show's (nonrandom) habits. Consider the pricing game called Squeeze Play. Current host Drew Carey shows the contestant either a five- or six-digit number and asks the player to remove one digit from the number—first and last digit excluded—to reveal the price of a prize. Over the last eight years, this game has been played 215 times with a five-digit number, meaning the contestant can either remove the second, third, or fourth digit. If every contestant had gone into the game opting to pick the third digit, regardless of the prize or the numbers displayed, the combined contestant winning percentage would have been 49.8 percent. Instead, players got wrapped up in guessing the exact price—and had a combined winning percentage of just 35.8 percent.          
The reason that it's better to always pick digit No. 3 in Squeeze Play is that the show’s producers are clearly not placing the numbers randomly. The wrong digit was placed in the third slot 49 percent of the time as compared with 22 percent and 28 percent for the second and fourth, respectively. The discrepancy between the winning digit's location and what we would expect if that digit were placed randomly is statistically significant—meaning the placement is not, actually, random. Whether the show's producers are intentionally favoring the middle location, or are doing so simply because they’ve failed to simulate randomness, is unclear. What is clear is that guessing the middle digit is the safest bet in Squeeze Play.
This isn’t a knock on The Price is Right. The show makes no promises of behaving like a casino, with perfectly random distribution of numbers. And its nonrandom habits are great for the contestant—and presumably for the show, which doesn’t want to feature an endless parade of losers.
Apparently, my favorite game, Cliff Hangers, is one of the easiest to beat.  But I so love hearing the yodeling.

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