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The best banking strategy when playing The Weakest Link

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  • L C Thomas

    (School of Management, University of Southampton)

Abstract

The paper uses dynamic programming to investigate when contestants should bank their current winnings in the TV quiz show, ‘The Weakest Link’. It obtains the optimal strategy for the team as a whole and then looks at two possible reasons why the contestants tend to use other strategies in reality.

Suggested Citation

  • L C Thomas, 2003. "The best banking strategy when playing The Weakest Link," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(7), pages 747-750, July.
    • Handle: RePEc:pal:jorsoc:v:54:y:2003:i:7:d:10.1057_palgrave.jors.2601567
    DOI: 10.1057/palgrave.jors.2601567
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    References listed on IDEAS

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    1. Christopher M. Rump, 2001. "Who Wants to See a $Million Error?," INFORMS Transactions on Education, INFORMS, vol. 1(3), pages 102-111, May.
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    Cited by:

    1. Johnston, Iain G., 2022. "Optimal strategies in the fighting fantasy gaming system: Influencing stochastic dynamics by gambling with limited resource," European Journal of Operational Research, Elsevier, vol. 302(3), pages 1272-1281.
    2. Smith, David K., 2007. "Dynamic programming and board games: A survey," European Journal of Operational Research, Elsevier, vol. 176(3), pages 1299-1318, February.
    3. Perea, Federico & Puerto, Justo, 2007. "Dynamic programming analysis of the TV game "Who wants to be a millionaire?"," European Journal of Operational Research, Elsevier, vol. 183(2), pages 805-811, December.

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    1. Perea, Federico & Puerto, Justo, 2007. "Dynamic programming analysis of the TV game "Who wants to be a millionaire?"," European Journal of Operational Research, Elsevier, vol. 183(2), pages 805-811, December.
    2. Smith, David K., 2007. "Dynamic programming and board games: A survey," European Journal of Operational Research, Elsevier, vol. 176(3), pages 1299-1318, February.

    More about this item

    Keywords

    dynamic programming; recreation;

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