Comments on: Deal or No Deal http://moneyning.com/personal/deal-or-no-deal/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: MyOwnMillions http://moneyning.com/personal/deal-or-no-deal/comment-page-1/#comment-447 MyOwnMillions Fri, 25 May 2007 04:17:09 +0000 http://blog.davidmillions.com/uncategorized/deal-or-no-deal/#comment-447 I don't know if I can ever think of the fact that I came with nothing when I'm trying to risk $148,000 for 1 million. I can understand trying to go for it if I have to open 1 case with 2 big amounts left. However, I just can't see risking that much money for more. I guess it's easy for me to say since I am not on national TV trying to make such a big decision though! I don’t know if I can ever think of the fact that I came with nothing when I’m trying to risk $148,000 for 1 million. I can understand trying to go for it if I have to open 1 case with 2 big amounts left. However, I just can’t see risking that much money for more.

I guess it’s easy for me to say since I am not on national TV trying to make such a big decision though!

]]> By: Bill Perry http://moneyning.com/personal/deal-or-no-deal/comment-page-1/#comment-446 Bill Perry Fri, 25 May 2007 03:58:57 +0000 http://blog.davidmillions.com/uncategorized/deal-or-no-deal/#comment-446 I suspect it's probably because they came there with nothing (prize wise), so if they risk it all and lose, they're not really out anything except for time (which they most assuredly enjoyed themselves anyway). Basically, it's accepting that you'll probably lose anyway. There are 3 possible outcomes in this particular setup: 1) Win nothing (which is technically not possible on DoND, as the least you can leave with is $0.01, which may as well be nothing, relatively) 2) Win the $148,000 by taking the Deal. This has the possible stigma of "what if" thinking. i.e., "what if I had passed up the deal for the $148,000? Could I have won the $1Million??? 3) Say "No Deal", and perhaps win the $1Million. This is the option chosen by many, because of the possibilities of what the $1Million would MEAN. It would mean that they beat the system (the Banker). The upside to this is that there is less of a "what if". i.e., they're not as likely to say "what if I had taken the deal, how much money would I get?" They already KNOW the answer to that. Just my $0.02 prize...er thought. I suspect it’s probably because they came there with nothing (prize wise), so if they risk it all and lose, they’re not really out anything except for time (which they most assuredly enjoyed themselves anyway).

Basically, it’s accepting that you’ll probably lose anyway. There are 3 possible outcomes in this particular setup:

1) Win nothing (which is technically not possible on DoND, as the least you can leave with is $0.01, which may as well be nothing, relatively)

2) Win the $148,000 by taking the Deal. This has the possible stigma of “what if” thinking. i.e., “what if I had passed up the deal for the $148,000? Could I have won the $1Million???

3) Say “No Deal”, and perhaps win the $1Million. This is the option chosen by many, because of the possibilities of what the $1Million would MEAN. It would mean that they beat the system (the Banker). The upside to this is that there is less of a “what if”. i.e., they’re not as likely to say “what if I had taken the deal, how much money would I get?” They already KNOW the answer to that.

Just my $0.02 prize…er thought.

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