Double or nothing?! Small groups making decisions under risk in “Quiz Taxi”

Abstract

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Culture, learning and rational decision-making: evidence from a TV show

“…TV game shows have been an interesting environment to study individual decisionmaking as the rules of the games are better defi ned than in real life and the stakes are usually much more substantial than those in laboratory experiments. For example, researchers have analyzed the decisions of contestants in "The Weakest link" to address issues of racial and gender discrimination (Levitt 2004;Antonovics et al 2005), the degree of risk aversion was studied using decisions made in the quiz-shows "Who Wants to Be a Millionaire" (Hartley et al 2014) and "Quiz Taxi" (Keldenich and Klemm 2014), and the decision to cooperate was scrutinized in the context of the shows "The Manipulation" (Gurevich and Kliger 2013) and "Divided" (Van Dolder et al 2015). Bennett and Hickman (1993), Berk et al (1996), Tenorio and Cason (2002) and Kvam (2018) used the games of the TV show "The Price is Right" to investigate the rationality of US contestants.…”

Along which identity lines does 21st-century Britain divide? Evidence from Big Brother

“… 1. Such useful characteristics of reality TV shows and game shows have made them popular tools in recent years for empirical research on a range of other economic phenomena (e.g. Baltussen et al, 2016; Beetsma and Schotman, 2001; Belot et al, 2010; Blavatskyy and Pogrebna, 2008; Deck et al, 2008; Haan et al, 2011; Hogarth et al, 2012; Keldenich and Klemm, 2014; Lindquist and Säve-Söderbergh, 2011; Pogrebna, 2008; Pogrebna and Blavatskyy, 2009; Post et al, 2008; Van den Assem et al, 2012). …”