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Yet More News on “Deal or No Deal”

Today’s Wall Street Journal carries this article by Charles Forelle: “Why Game Shows Have Economists Glued to Their TV’s.” It cites, among others, Thierry Post, professor of finances at Erasmus University in Rotterdam, and Richard Thaler of the University of Chicago. “There is no doubt that these are real people making real choices for high stakes, and we rarely get to observe such pure decisions,” says Thaler.