the-lottery-why-people-favor-worse-odds-extra-credits

Welcome to Clip from Spiral logo

Interactive video lesson plan for: The Lottery - Why People Favor Worse Odds - Extra Credits

Activity overview:

Get your Extra Credits gear at the store! http://bit.ly/ExtraStore
Subscribe for new episodes every Wednesday! http://bit.ly/SubToEC
Play games with us on Extra Play! http://bit.ly/WatchEXP ---- (Episode details below...)

Watch more episodes from this season of Extra Credits! http://bit.ly/1GwiJWQ

Talk to us on Twitter (@ExtraCreditz): http://bit.ly/ECTweet
Follow us on Facebook: http://bit.ly/ECFBPage
Get our list of recommended games on Steam: http://bit.ly/ECCurator
___________

A huge experiment in player psychology occurred in October 2015 - but it went unnoticed in the games industry because it was the lottery conducting this experiment. The Multi State Lottery Association (MUSL) significantly lowered the odds of anyone winning the Powerball. With fewer winners, the jackpot grew and grew, and in the first week of January 2016 we saw what would turn out to be the biggest player numbers in Powerball history. Even though the odds of winning are worse, the appeal of the giant jackpot makes it so there's an exponential increase in the number of people who want to try their luck. We have to wonder, is there a point where the odds become so low it actually discourages players, or will the size of the reward become irresistible no matter how unlikely we know we are to win? Game designers expect players to be rational actors who will favor the most efficient route to success (power leveling, loot grinding, and son). But the lottery results suggest that may not always be the case. Many games, especially MMOs, could stand to experiment with incentive systems that incorporate more "Big Score" type events like the lottery and less "The Job" type grinding that we're used to.

___________

♫ Get the intro music here!
http://bit.ly/1eIHTDS

♫ Get the outro music here!
http://bit.ly/1QmCh70

Tagged under: Lottery,Power Ball,Lotto,Numbers,Luck,Odds,Fortune,Jackpot,Million,Winner,Loser,Win,Lose,How Many,Winning,Results,Mega,Millions,Drawing,Math,Game,Design,Reward,Rewards,Loot,Drop,Rate,Experiment,Curve,Extra Credits,NASPL,State,Lotteries,Provincial,Association,North America,North American,James Portnow,Daniel Floyd

Clip makes it super easy to turn any public video into a formative assessment activity in your classroom.

Add multiple choice quizzes, questions and browse hundreds of approved, video lesson ideas for Clip

Make YouTube one of your teaching aids - Works perfectly with lesson micro-teaching plans

Play this activity

1. Students enter a simple code

2. You play the video

3. The students comment

4. You review and reflect

* Whiteboard required for teacher-paced activities

Share on:

Share The Lottery - Why People Favor Worse Odds - Extra Credits on Google+ Share The Lottery - Why People Favor Worse Odds - Extra Credits on Twitter Share The Lottery - Why People Favor Worse Odds - Extra Credits on Facebook Pin The Lottery - Why People Favor Worse Odds - Extra Credits Email The Lottery - Why People Favor Worse Odds - Extra Credits

Ready to see what else Spiral logo can do?

With four apps, each designed around existing classroom activities, Spiral gives you the power to do formative assessment with anything you teach.

Quickfire

Carry out a quickfire formative assessment to see what the whole class is thinking

Discuss

Create interactive presentations to spark creativity in class

Team Up

Student teams can create and share collaborative presentations from linked devices

Clip

Turn any public video into a live chat with questions and quizzes

1000s of teachers use Spiral to deliver awesome, engaging activities that capture students' understanding during lessons.

Now it's your turn Sign up

Spiral Reviews by Teachers and Digital Learning Coaches

Spiral
Review of Spiral by teacher: Kathryn Laster @kklaster

Tried out the canvas response option on @SpiralEducation & it's so awesome! Add text or drawings AND annotate an image! #R10tech

Spiral
Review of Spiral by teacher: Room 220 Math Stars @3rdgradeBCE

Using @SpiralEducation in class for math review. Student approved! Thumbs up! Thanks.

Spiral
Review of Spiral by teacher: Miss Ord @ordmiss

Absolutely amazing collaboration from year 10 today. 100% engagement and constant smiles from all #lovetsla #spiral

Spiral
Review of Spiral by teacher: Adam J. Stryker @strykerstennis

Students show better Interpersonal Writing skills than Speaking via @SpiralEducation Great #data #langchat folks!

Spiral
Review of Spiral by teacher: Dr Ayla Göl @iladylayla

A good tool for supporting active #learning.

Spiral
Review of Spiral by teacher: Brett Erenberg @BrettErenberg

The Team Up app is unlike anything I have ever seen. You left NOTHING out! So impressed!

Get the Clip Chrome Extension & Create Video Lessons in Seconds

Add Clip to Chrome