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Thursday, March 30, 2006
What Were Some Dumb Bets?
Final Jeopardy yesterday. Leader has $20,800. Next guy has $10,400, exactly half. (Forget third guy, who has about $5,700.) How should they bet? If the leaders tie, both keep their money and return. So Mr. $10,400 should bet it all, knowing Mr. $20,800's smartest move is to bet nothing, and guarantee his return. But no, Mr. $10,400 bets about $1,400, conceding first and jockeying only for second-place money. Then it's revealed Mr. $20,800 bet $1,000, risking his victory for almost nothing. Doh! Both men had right answers, too. You have another reaction?