The Price is Blog, Right?

Entries categorized as ‘Fan Mail’

Cover Up Cover Up

May 11, 2009 · Leave a Comment

Cover UpRecently, “A huge fan” commented on my strategy guide to Cover Up, and he and I continued discussing whether or not there might be a better strategy out there. I assume he means he’s “a huge fan” of TPIR, not of the blog, since it should already be assumed that he’s a huge fan of the blog.  Being a huge fan of TPIR is not necessarily a given.  I think it’s safe to assume that there are countless readers of this blog who may not be fans of TPIR at all.  Or they could just be medium-sized fans.

For convenience, I’ll refer to “A huge fan” as “huge fan” from now on.  Not: this type of shorthand will be used frequently in the blog.  To save time.  Wouldn’t want to waste space on unnecessary articles, or pointless explanations.

Huge fan had some pretty interesting ideas, and after he sent them to me, he actually decided that he made some unfair assumptions while doing the calculations, and thus it is not entirely accurate.  But I feel it’s thought-provoking and insightful, even if not 100% useful, like my theory.  It is extremely long, so please feel free to not read it.  The basic idea is that my strategy works.  Also that if you know more than one number for sure, you should spread them out across multiple rounds and not guess them all at once (obviously).  And that it’s almost impossible to run the statistics with every possible variation through to the end (but if anyone out that can do it, you’re welcome to re-guest blog and replace huge fan as the cover up semi-expert).  So here is an abridged version of huge fan’s idea:

For the sake of this post, let’s assume that you are 100% sure of the first digit, and have no clue about the other 4.  Obviously this is a hypothetical situation, but it probably isn’t that far away from reality (because the first digit only has 2 choices, and as PriceIsBlog says, it’s an extremely guessable digit. Regardless, this will help illustrate general strategy).  So the question becomes, when should you play that digit?  Let’s look at 2 possibilities, playing it first (the PriceIsBlog way), or playing it second (let’s call this the HugeFan way).

To understand which is better, we need to know our probability of guessing at least one digit correctly at each round.  Just for kicks, let’s take the entire game at the beginning, assuming we know nothing (not even the first digit).  What’s the probability of guessing at least 1 correct digit?  Well we know that the odds of each digit are 1/2, 1/3, 1/4, 1/5, 1/6 respectively.  So the trick with figuring out the probability of AT LEAST one, is to first figure out the probability of getting them all wrong, which is: (1/2)(2/3)(3/4)(4/5)(5/6) = 16.7%.  Notice that to calculate that, we use the probability of getting it wrong, so for example, for the last digit, it’s 5/6 of the time you’re wrong, not 1/6.  Okay, so the probability of getting at least one right is the inverse of that: 100% – 16.7% = 83.3%.  Not too bad?

Alright, now that we know how to do the math, back to our scenario.  So in PriceIsBlog’s situation, you guess the first digit right at the beginning.  For the sake of easy calculations, let’s say he nailed his strategy, and got every other digit wrong.  There are 4 numbers left, but their probability has changed.  The second digit originally had a 1/3 chance of getting it right, but he got a wrong answer, so in the second round, it’s now 1/2.  The third digit had a 1/4 probability, so now it moves to 1/3.  Same goes for the remaining digits.  So calculating our odds of getting AT LEAST one digit in the second round is now 1 – (1/2)(2/3)(3/4)(4/5) = 80%.  Finally, let’s say he guesses again (for the sake of calculation, gets the easiest number, but none of the others).  So he’s left with digits 3,4,5.  His probability at that point would then be (remembering to adjust the probs on each digit): 1-(1/2)(2/3)(3/4)=75%.  Alright, so there we have it.  To summarize, on the first guess, PriceIsBlog has 100% prob (he knows the answer), on the second, 80% and on the third 75%.

Now, let’s do the HugeFan strategy, saving that first digit.  The probability on the first round (on every number but the first digit) is: 1-(2/3)(3/4)(4/5)(5/6) = 67%.  Let’s assume once again that we guess the easiest number but none of the others.  On the second round, it’s 100% (we know that first digit), and finally, on the third round, we’re left with digits 3,4,5.  The probabilities of hitting those on the third round are 1/2, 1/3, 1/4, so the odds of getting at least one right are: 1-(1/2)(2/3)(3/4) = 75%.

PriceIsBlog: Rd 1: 100%, Rd 2: 80% Rd 3: 75%

HugeFan: Rd1: 67% Rd. 2: 100% Rd 3: 75%

Since making it part way doesn’t even get you a hubcap, clearly PriceIsBlog’s strategy is a better one.  So if you know the first digit, play it first.

Let’s step back a minute, to absorb what’s going on.  Each round that you are alive, your probability of guessing at least one digit right gets worse.  This is unavoidable, no matter what you guess (right or wrong).  However, these diminishing odds are partially offset by clearing out wrong answers (as PriceIsBlog mentioned), which raises some individual digits probabilities.  So, to utilize this information, you should spread out the digits that you think you know for sure, and don’t play them at once.  Let’s say you were 99% sure about digits 1 and 5.  Your odds only improve a tiny bit by guessing them at once, so you should clearly do it one at a time, and clear out some other wrong digits in the process.  Finally, by taking what we learned in the original hypothetical, make sure to play your first known digit at the start.

**It should be noted that these calculations had a lot of assumptions, and are quite possibly wrong.  Someone with a stronger probability background (like an actuary) feel free to edit/respond to this post.

Categories: Cars · Fan Mail · Pricing Game · Statistics · Strategy
Tagged: , ,

More fan mail…

May 6, 2009 · 2 Comments

Time for more fans!  And though I’ve since found out that “Brad” actually IS someone I know, this next comment definitely positively 100% comes from someone I DON’T know.  I think.

Derrick writes:  “Hello! It’s always good to see another fan of TPIR on the internets. I’m kinda hopeful for this place since it seems not drip with sorrow and anger like that other Price website (which shall go unnamed). I had a couple of questions: How long have you been watching Price? What do you think of Drew’s performance? What did you think of their firing of Roger and the “new direction” we saw last year? Thanks!”

Thanks Derrick!  It’s good to see you on the internets, too, and thanks for the anti-shoutout for The Price is Right Blog.  No need to let them go unnamed, though.  I am confident that anyone who visits their site will be immediately bored and possibly even revolted and will return right back to The Price is Blog, Right? so giving them free advertising is really anti-advertising!  And it’s gonna take a few more decades of watching TPIR every day to become consumed by sorrow and anger, so don’t worry!

To answer your first question, I have been watching TPIR since, I’d say, middle school, and I think it would be weird if I had been watching any sooner than that.  To be fair, that’s only about 10 years, but I’ve been a loyal fan throughout.  In high school, lunchtime was right at 11am, and a bunch of us would often gather in the band room, which had a TV, and watch TPIR while we ate.  I realize this makes me a huge dork (we had an open campus and chose to stay IN SCHOOL… and in the BAND ROOM no less… we were cool!  I swear!), but I knew it would pay off in the long run.  In college, I tried to organize my schedule so that I wouldn’t have class before noon, and was successful most of the time.  This had nothing to do with TPIR.  I just liked to sleep in.  But when I managed to wake up by 11am, I turned on CBS.  And I am currently unemployed!  Which is great!  Cause I can watch TPIR all the time!  Yay!  Hooray!  No job!  TPIR’s target demographic!

As for your second question, I think Drew’s performance deserves more than one blog post, but let’s get the conversation started right here, right now.  A lot of “purists” out there hate Drew.  They say the show isn’t the same, that it’s no good anymore, that they can’t stand to see Drew up there at all.  And if you’ve done searches on Twitter recently of the phrase “price is right,” as I have, you’ll see that a lot of people feel this way.  Before Drew arrived, when Bob was getting ready to leave, I was convinced I would be in that boat.  And to a certain extent they’re right: the show is very different.

But I love it.  I can’t say it’s “better” than before, but I don’t believe it’s any worse, either.  It’s just different.  Totally different.  Drew is self-deprecating.  He’s funny.  He comments on little inconsistencies that Bob never would’ve mentioned.  He’s more folksy with his guests.  He doesn’t do the fun build-up/pull-back routine that Bob used to do.  But Drew had to make the show his own.  If he came on and just tried to mimick Bob, no one would like it.  He wouldn’t be as good as Bob, and it would be sad to watch him try.  Drew Carey is a funny guy, and the new direction he’s taken with the hosting of the show feels natural, makes sense, and, in my opinion, doesn’t take anything away from the foundation of the show.  It just adds a little color.  The show was always somewhat ridiculous: unlike Bob, Drew consciously acknowledges this and makes it part of the show.

And for those who’ve only seen Drew’s performance in one infamous viral video where Drew doesn’t seem to care at all about the amazing thing that’s just happened, all I can say is that I don’t understand it either, and it’s not an accurate reflection of Drew’s normal performance.  If someone out there has any insight into this, please share, cause I’m confused.

More on Drew, and the “new direction” of the show in general, later.  Thanks Derrick!

Categories: Drew · Fan Mail
Tagged: ,

The fans have spoken…

May 4, 2009 · Leave a Comment

Today, I had planned to write my first strategy guide to one of TPIR’s pricing games, but that was before The Price is Blog, Right? became a HUGE success overnight, so plans have changed.  By huge success, I mean that people who I DON’T know personally have posted comments, which is a win in my book since the blog currently has no model for advertising, generating revenue, or even moving up in a google search of “price is right blog” (reminder: link to this blog!).

But thanks to those who commented, and I swear, someday, when this blog is as popular, if not more so, than the show itself, you can say you were there at the beginning when everyone still used to read The Price is Right Blog instead of The Price is Blog, Right?  (Someday, that’ll be just like looking back at CSI: Miami in the early days when the far superior CSI: NY was on the air–can you imagine?!)  And since this blog is meant to be a dynamic conversation, let me begin to address those comments.

Brad writes:  “Agreed, Plinko is the all-time favorite.  The question I’ve always had about Plinko is: What constitutes a Plinko ‘win?’”

Great question.  I’ve wondered the same myself, and I’m afraid I don’t have a definitive answer.  I just host the best price is right blog on the Internet; does that make me an expert or something?  Well, yes…  But I digress.  In any case, I completely agree with Brad’s notion that $10,000 or more equals a win, and for practical purposes, that’s how I think most people view the game.  Everyone’s trying to land on $10K, and when they do (and even if they only hit it once), they’re quite happy, and so is the viewer.  If they don’t hit $10K at all, it’s quite depressing, and it’s a loss in my book.  However, I wouldn’t be surprised if TPIR considers any amount at all a “win” for their statistics.  After all, have you EVER heard them play the losing-a-game-sound-effect after Plinko?  Just doesn’t happen.  Plinko must really pad their stats.  And could you imagine if someone got $0 with every single chip?  Now that would be depressing.

There are other user comments, but apparently blog posts are supposed to be short, so I will respond to others later.  But I would like to briefly mention a comment from Courtney Smith, who writes: “Hi, I do publicity for The Price is Right. What is the best way to reach with you with breaking news?”  Good news, fans!  The Price is Blog, Right? will shortly become your number one destination for breaking TPIR news!  Check back often, and don’t forgot to follow PriceisBlog on Twitter for live-tweets of every episode.  Thanks to Courtney!

Categories: Fan Mail · Price is Right Blog · Pricing Game · Statistics
Tagged: , , , ,