Quote:
Originally Posted by chillrob
I found it interesting today as well. But I think most of contestants base their bets more on how much they like the category then on game theory.
Using a 50/50 approach is certainly the wrong way to do it. To properly apply game theory, you have to try to make at least somewhat educated guesses on each contestants chances to get FJ right.
I am not sure how much contestants know about their opposition except for their occupation and what they learned during the show, but if the FJ category is ‘new media’, you have to assume the 21 year old college student has a better shot than the 79 year old retired accountant.
Besides that, I am very sure the numbers show that contestants who have >$20k going into FJ have a significantly higher success rate there than contestants who take <$5k into FJ.