This video demonstrates how people make probabilistic decisions when faced with uncertainty, using estimation and risk assessment to determine whether to continue playing for potential rewards or cash out current winnings. The game shows that when information is incomplete, individuals must rely on educated guesses and weigh the potential gains against the risk of losing accumulated winnings.
Deep Dive
Prerequisite Knowledge
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Deep Dive
MORE or LESS? 🤔 v166Added:
Does YOL Juice Market have more or less than 10,000 followers on Instagram? You have 7 seconds.
I would say less and I'm I really don't know.
>> [laughter] >> I don't know because I'm just I mean I'm just now hearing about it so I mean I don't know how many people do. I'm going to go with less.
Is that your final answer? Yes.
This might be a short game.
>> [laughter] >> I don't know.
I don't know. I mean Congratulations. You just won $10. Which one do cash out or keep going?
>> I'm going to keep going.
Congratulations. Welcome to round two.
Mhm. You are aware that if you get the question wrong then you lose out on your money? Yes. For $20 does this apples and berries smoothie have more or less than four ingredients?
You have 7 seconds.
I would say more.
Is that your final answer? Yes.
You said more than four?
More than four and that would be five.
Um I'm going to say more cuz I mean you got to count the ice too.
More. Congratulations.
You just won $20. Which one do cash out or keep going?
I'm going to keep going. Mhm. Yeah.
Every Tuesday.
For free. Free refill.
For $30 >> [music] >> are there more or less than 22 ping pong balls in this container? You have 7 seconds.
Less.
I'm just guessing.
Might be exactly, but I'm going to say less.
That's your final answer? Yes.
Congratulations, you just won $30.
Thanks for playing. Well, thank you.
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