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Deal or No Deal

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Image:Miljoenenjacht1.jpg
Deal or No Deal is a television game show format owned by Netherlands-based production company Endemol, known for creating such shows as Big Brother and Fear Factor. The first version of the show was broadcast in the Netherlands as Miljoenenjacht, followed by an Australian version, which was the first version with the Deal or No Deal name.

Contents

[edit] Format

Image:Deal sign.jpg The basic format of Deal or No Deal consists of a number of cases (usually 26, but varies in some countries) each containing a different amount of money. Not knowing the sum of money in each case, the contestant picks one case which potentially contains the contestant's prize. They then open the remaining cases, one by one, revealing the money they contained. At predetermined intervals the contestant receives an offer from the bank (run by "The Banker") to purchase the originally chosen case from the contestant, the offer being based on the potential value of the contestant's case. The contestant must then decide whether to take the deal from the bank, or to continue opening cases. If the contestant decides not to take the deal and reveals low value cases, then the next bank offer is likely to be higher (as the contestant's case is proven not to contain these low values). Alternatively, there is risk in revealing higher values, lowering future offers from the bank. The aim of this system is to try to make an exciting and suspenseful game. Each offer from the bank is typically significantly less than the expected value of the player's case.

The format of Deal or No Deal varies in each country. In the UK version, for example, contestants choose from 22 boxes rather than 26 briefcases which are opened by future contestants[1]. The concept of pitting a contestant against an in-house adversary (in this show, the Banker) is unusual, though not unique, among game shows.

[edit] International versions

Image:DONDworld.PNG The show has many versions that air around the world:

[edit] Announced International Versions

[edit] Game Strategy

Main article: Deal or No Deal Game Strategy

Deal or No Deal and its deceptively simple format have attracted attention from mathematicians, statisticians, and economists as a study of decision making under risk. A team of economists have analyzed the decisions of people appearing in Deal or No Deal and found, among other things, that contestants are less risk averse when they have seen their expected winnings tumble.<ref>Post, Van den Assem, Baltussen, and Thaler (December 2004). "Deal or No Deal? Decision Making Under Risk in a Large-payoff Game Show".</ref> The study received a great deal of media attention, appearing on the front page of The Wall Street Journal on January 12, 2006 as well as being featured on National Public Radio in the United States on March 3, 2006.

[edit] Antecedents

  • The New Treasure Hunt, a 1970s and 1980s Chuck Barris game show similar in concept to Deal or No Deal
  • Let's Make A Deal, a long-running game show involving contestants deciding whether or not take offers based on what may or may not be behind a curtain/box.
  • The Bong Game, invented by the London-based radio station Capital FM in the 1980s, also tested contestants by offering them increasing returns in tandem with increasing risk.

[edit] External links

[edit] Official websites

[edit] Other websites

[edit] References

<references/>


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Deal or No Deal
Netherlands (original version) | Netherlands (direct version) | Australia | Hong Kong | Japan | Philippines | Poland | United Kingdom | Canada | US (English) | US (Spanish) | Other international versions
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es:Trato Hecho fr:À prendre ou à laisser it:Affari tuoi ja:Deal or No Deal pl:Grasz czy nie grasz fi:Ota tai jätä sv:Deal or No Deal zh:一擲千金

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