Deal or No Deal: A Spreadsheet Game to Introduce Decision Making Under Uncertainty

Published Online:https://doi.org/10.1287/ited.2013.0104

In this paper, I introduce a spreadsheet-based implementation of the game show Deal or No Deal. I describe how this game can be used in class to illuminate topics in decision making under uncertainty to students in both engineering and business. I show that specific scenarios encountered in the game can lead to rich discussions on topics like risk, utility, and probability. The game is easy to learn and play in class and usually receives a strong positive response from students.

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