Hello,
Long time lurker, first time poster here. I was arguing with some friends over whether Deal or No Deal is essentially the same probabilities issue as the Monty Hall problem. Although there are some fundamental differences, our basic question was: “When it is down to your case and only one other case, with $1 million and $0.01 on the board, are you better off switching your case?” We were also talking about it for when there’s 3 cases left, but that part doesn’t really matter.
I continually switch off in my own thinking, completely convincing myself back and forth that it is, or isn’t, the same. Also, don’t let this thread turn into a Monty Hall problem argument. It’s generally known that you are better off switching-- if you disagree, I ask you to do some other research.
Here’s my thinking both ways- $1 million is the car, $0.01 is the goat:
Yes, it’s the same: At the beginning, you pick one case, hoping for $1 million. You have a 1/26 chance of getting it. Just like in Monty Hall, other cases (that you KNOW aren’t $1 million because of the ground rules I’ve laid out) get eliminated, and in the end, you’re offered the switch. As far as I can tell, this is exactly the same as Monty Hall.
No, it’s different: In the sake-of-argument-style rules of Monty Hall, Monty always has knowledge of which door has the car, and purposely chooses a goat. This knowledge is a fundamental difference in Deal or No Deal and Monty Hall, and affects the probabilities.
So, tell me dopers: You’ve rejected all the deals, and are down to $0.01 and $1 million. You are offered the chance to switch. Should you?
Thanks,
Matt