DEAL OR NO DEAL
'''Deal or No Deal''' is the name of several closely related television game shows, the first of which (launching the format) was produced by Dutch producer Endemol.
Format
''Deal or No Deal'' involves a contestant, a host/presenter, a banker, and a number of briefcases (or boxes), with each having a different (and initially unknown) value. Each game starts with the contestant selecting one of the cases—this first case's value is not known until the game ends. During the rest of the game, the contestant opens the rest of the cases, one at a time, revealing its value. Each time after a specified number of cases are opened, the banker offers the contestant a certain amount of money to end the game. If the contestant takes an offer, the game ends, otherwise the contestant ends up with the money from the first case.
Since the range of possible values for cases is known at the start of each game, how much the banker offers at any given point changes based on what cases have been eliminated. To promote suspense and lengthen games, the banker's offer usually strays from the expected value dictated by probability theory, particularly early in the game.[1] However it is not uncommon for the bank's offer to exceed the player's expected value very late in the game.
Worldwide, the largest amount offer (in terms of exchange rates) was €1,495,000 on the original ''Miljoenenjacht'', on November 13, 2005 (which was accepted, the contestant's case only had €1,000). Only a few people have ever won the top prize on any version of the show.
Deal or No Deal and scientific research
''Deal or No Deal'' has attracted attention from mathematicians, statisticians, and economists as a natural decision making experiment. A team of economists have analyzed the decisions of people appearing in European and US episodes of ''Deal or No Deal'' and found, among other things, that contestants are less risk averse or even risk seeking when they have seen their expected winnings tumble.[2] Interestingly, in their follow-up article they find that contestants behave similarly in different versions of the show, despite large differences in the amounts at stake; amounts appear to be evaluated in relative terms, for example in proportion to the initial average, and not in terms of their absolute monetary value.[2] The research project received a great deal of media attention, appearing on the front page of ''The Wall Street Journal'' on January 12, 2006 as well as being featured on National Public Radio in the United States on March 3, 2006.[4]
International versions
The show has many versions that air around the world:
Véronique Landry is the only model to appear on more than one version of the show, on both the French and English Canadian versions. Howie Mandel, Héctor Sandarti, and Linda de Mol each have hosted multiple versions of the show: Mandel, with the American English and English Canadian versions, Sandarti with both the American Spanish and Mexican Spanish versions, and de Mol with both the Netherlands Dutch and German (in 2004) versions of the show.
Other countries that have their own versions of the show include Albania, Armenia, Austria, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Peru, Portugal (SIC network), Puerto Rico, and Vietnam, according to the UK version's website.
List of people who have won the top prize on all international versions
| Country | Name(s) | Amount won | Previous offer | Other amount |
|---|---|---|---|---|
| Dean Cartechini | A$200,000 | A$102,500 | A$5 | |
| Paulo | R$1,000,000 | R$444,000 | R$100 | |
| Veneta Raykova | 75,000 BGN | unknown | unknown | |
| Mauricio Hermosilla | CL$10.000.000 | CL$6.500.000 | CL$5.000.000 | |
| Sabrina | €500,000 | €350,000 (the banker also offered €200,000 and €300,000, which is rare for a contestant to have more than one offer after one single round) | €75,000 | |
| Gogo | €200,000 | unknown | €1,000 | |
| unknown | €500,000 | unknown | unknown | |
| Paty | $1,000,000 (weekday) | $400,000 | $100,000 | |
| Laura | $1,000,000 (weekday) | $700,000 | $400,000 | |
| Luis | $1,000,000 (weekday) | unknown | unknown | |
| Elena | $5,000,000 (Saturday) | unknown | unknown | |
| Terry Lim Cua | P2,000,000 | P1,400,000 | P1,000,000 | |
| Gilbert de Tarragona | €600,000 | €240,000 | €1,500 | |
| Laura Pearce | £250,000 | £45,000 | £3,000 |
Antecedents
★ The ''Bong Game'', invented by Capital FM in the 1980s, also tested contestants by offering them increasing returns in tandem with increasing risk.
★ ''Let's Make a Deal'', a long-running game show involving contestants deciding whether or not take offers based on what may or may not be behind a curtain/door or inside a box.
★ ''The New Treasure Hunt'', a 1970s and 1980s Chuck Barris game show similar in concept to ''Deal or No Deal''
★ ''Take Your Pick'' offered contestants the choice of taking a money offer or risking opening a box.
★ ''Win Ben Stein's Money'' pitted contestants against an in-house adversary.
★ ''Break the Bank'' is a game show of ''Studio 23'', the UHF network of ''ABS-CBN'' which has almost the same format as ''Kapamilya, Deal or No Deal''.
Variations
★ Taiwan Television Enterprise (TTV) has a variation of "Deal or No Deal" embedded within its Saturday night weekly variety show hosted by popular TV host and one time recording artist Jacky Wu. The portion involved 16 boxes wherein celebrity contestants will play for NT$1.5 million top prize in denominations starting from NT$1.00. In this game though, Jacky Wu the TV host, also acted as a banker. He would randomly come up with an amount when the choice of boxes become fewer. Contestants however should successfully win a talent portion of the show before playing this game.
See Also
★ List of television show franchises
Online versions
★ Rules and further history
★ Flash Game Version of Deal or No Deal
★ NBC game
★ Smack the Pixie! Playable Deal Or No Deal Parody
★ Fun Mansion
★ Official United Kingdom Deal Or No Deal website
★ TV3's online flash version
★ TVB's online flash version
References
1. Formula for offers in the NBC online version of ''Deal or No Deal'' from the personal website of a former physics and finance student
2.
3.
4. Economists Learn from Game Show 'Deal or No Deal' from the NPR website
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