Bad logic costs another Jeopardy contestant the win
 

It's REALLY funny to me when people misbid at the end. Let's say their scores are:
Contestant 1: 16800
Contestant 2: 16300
Contestant 3: 12000

Contestant 3 should NEVER bid it all, that accomplishes nothing. His best bet is to bet 5000, in case one of the first two opponents have no confidence in the category and just bet 0. But betting 0 is good too. When contestant 3 bets it all, a few scenarios can happen:
scenario 1: contestant 1 and/or contestant 2 gets it right, so what, they lose anyways
scenario 2: contestant 1 and contestant 2 get it wrong, but you get it right; you win, but you'd also win had you bet 0.
scenario 3: you risk it all, and contestant 1 or 2 doesn't, and everyone gets it wrong, you lose.

It's just funny to me that people that make it past all the tryouts to get on jeopardy, but then don't bother learning optimal end game strategy, and therefore throw away tens of thousands of dollars, and the chance to win more the next day.

Re: Bad logic costs another Jeopardy contestant the win
 

The title is indicative of a recent endbid f*ck-up, and your post explains a hypothetical scenario?

BEGONE!

Re: Bad logic costs another Jeopardy contestant the win
 

You seem to ignore

scenario 4 : contestant 1 and/or contestant 2 bet ~5k and get it right, you win because you bet 12k.

Re: Bad logic costs another Jeopardy contestant the win
 

If you're contestant 1 or 2, you are not bidding ~$5000, it's just as plain and simple as that. I'll let others explain

Re: Bad logic costs another Jeopardy contestant the win
 

Contestant 1 doesn't like the category and bets nothing, ending with the same 16,800 he started with.

If contestant 3 bets nothing, automatic loss.
If he bets 4,801, and answers incorrectly, he has still lost.
If he bets 4,801, and answers correctly, he may have just won.

What contestant 2 does is a wildcard in these scenarios.

Re: Bad logic costs another Jeopardy contestant the win
 

[ QUOTE ]
Contestant 1 doesn't like the category and bets nothing, ending with the same 16,800 he started with.

If contestant 3 bets nothing, automatic loss.
If he bets 4,801, and answers incorrectly, he has still lost.
If he bets 4,801, and answers correctly, he may have just won.

What contestant 2 does is a wildcard in these scenarios.

[/ QUOTE ]
I'd bet something like $5002 If I were Contestant #3. $5000 is a nice round number someone in #2's position might guess that I'd wager and he'd try to be slick and bet enough to just beat me should I bet $5000. Plus, I'm covered if #2 is foolish enough to bet just enough to beat a zero bet by #1.

edit: Who cares? This [censored] never happens. #2 is going to bet enough to beat #3 should #3 bet it all and get it right.

Re: Bad logic costs another Jeopardy contestant the win
 

[ QUOTE ]
Contestant 1: 16800
Contestant 2: 16300
Contestant 3: 12000

[/ QUOTE ]

What would you bet if you were Contestant 2, assuming you read 1 & 3 to be typical players?

I'd go with 7700, but maybe there is a better play.

Re: Bad logic costs another Jeopardy contestant the win
 

[ QUOTE ]
[ QUOTE ]
Contestant 1: 16800
Contestant 2: 16300
Contestant 3: 12000

[/ QUOTE ]

What would you bet if you were Contestant 2, assuming you read 1 & 3 to be typical players?

I'd go with 7700, but maybe there is a better play.

[/ QUOTE ]
There is. 7701.

Re: Bad logic costs another Jeopardy contestant the win
 

Clearly you are wrong. The answer is $7702.

Re: Bad logic costs another Jeopardy contestant the win
 

[ QUOTE ]
Clearly you are wrong. The answer is $7702.

[/ QUOTE ]
I'm not wrong. $7701 isn't necessarily the best play, but it's certainly better than $7700. I think I'd go with something from $7703 to about $7750.