Re:Carnival scam science, and how to win [video]
by leereeves on Saturday November 04, 2017 @08:55AM
(#15624785)
> I thought it didn't matter if you won or lost because the prizes are worth less the the cost of playing
He does mention that in the video.
Re:Carnival scam science, and how to win [video]
by barney54 on Saturday November 04, 2017 @10:07AM
(#15625062)
Mark Rober explains that in the video. Though I think there are a couple big prizes where the value exceeds the price to play.
Re:Carnival scam science, and how to win [video]
by heeen2 on Saturday November 04, 2017 @09:41AM
(#15624962)
Every retail business sells items for profit. I guess the chance involved in games enables or justifies the wishful thinking that the prices were more valuable than the bet.
Re:Carnival scam science, and how to win [video]
by paulryanrogers on Saturday November 04, 2017 @05:21PM
(#15626952)
Isn't this the whole point of gambling in casinos where the house has the edge?
Ira Glass on a age guessing game at a park run by someone named Sarah:"
Later, Sarah privately confirmed for me that she did intentionally take a dive. Which is fine with Cole, because it turns out, it doesn't matter if the kids guess right. The game costs $5 to play. The prizes cost less than $5. Sarah can be wrong with every single guess, and they'd still make a nice profit. In fact, it's good to lose, because people carrying prizes around the park are a walking advertisement for all the games."
https://m.thisamericanlife.org/radio-archives/episode/443/tr...