Economists love Deal or No Deal

I had no I idea that the Freakonomics guys had a blog, but apparently they do. Good thing I found it though, because it directed me to this interesting Wall Street Journal article about how economists, who study game shows to examine how people make risky financial decisions, absolutely love studying the show Deal or No Deal. Why? Because the decisions are pure risk/reward decisions, not influenced by game-playing skill or trivia knowledge like on shows such as Jeopardy! and Who Wants to Be a Millionaire. They've not only studied the American version, but versions from around the world, as well. They'll get more of a chance to study without translation when Deal comes back after the Olympics.

[via Freakonomics.com]