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I remember one of the most popular television game shows of the 1960’s and 70’s....the original Let's Make A Deal, with host Monty Hall! The show where contestants buy, sell, or trade anything and everything from Aardvarks to Zithers. Lawyers, doctors, plumbers, and even Beverly Hills housewives dressed as kumquats and turnips hoping to trade a hard boiled egg for a Cadillac. What would be behind the Curtain? A Car or a ZONK...a worthless, ridiculous prize!
If you have ever gotten really into the show Deal or No Deal, you have probably felt a good deal of risk aversion for the contestants. Even though the atmosphere of being on a game show greatly affects how we would make decisions and I would act no differently from people on the show, I know that I personally still sit at home yelling for people to take the offer and stop opening cases. (TFS Ch 26)
“You know, the ancient Egyptians had a beautiful belief about death. When their souls got to the entrance to heaven, the guards asked two questions. Their answers determined whether they were able to enter or not. ‘Have you found joy in your life?’ ‘Has your life brought joy to others?’” — Carter Chambers (Morgan Freeman