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

100%
Lobão J.
Decyzje
|
2020
|
issue 34
5-27
EN
This paper analyzes the French and the Vietnamese versions of the TV game show “The Price is Right”, using data from 130 episodes. We focus on the bidding game, covering 434 rounds and 1,736 bids. We document that players deviate signifi cantly from what is predicted by the model of rational expectations, especially in the French population. Moreover, Vietnamese fourth bidders are found to win more frequently than their French counterparts in spite of using strategic bids less often. We attribute these results to cultural reasons. Contestants from the collectivistic, uncertainty-tolerant culture (i.e., Vietnam) are more reluctant to engage in strategic bidding than individuals from the individualistic, uncertainty-avoidant culture (i.e., France). However, Vietnamese contestants pay more attention to the estimates of the previous players and thus make a better use of the informational advantage inherent to the sequential nature of the game. Overall, our evidence suggests that culture is an important omitted variable in studies that examine cross-country differences in decision-making.
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Ukryte kamery Stanisława Barei

84%
Pławuszewski P.
Images. The International Journal of European Film, Performing Arts and Audiovisual Communication
|
2014
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vol. 14
|
issue 23
179-188
EN
The article is the introduction to Stanisław Bareja’s master’s thesis Zagadnienia realizacji filmów z ukrytej kamery stanowiących część telewizyjnych programów rozrywkowych [Candid camera filmmaking for entertainment TV programs, 1974]. It points out the American background of the candid camera genre, like Allen Funt’s production, which started in 1948 [ABC], and specifies the main focus of Bareja’ thesis, e.g. multi-stage process of making candid camera clips for Polish TV and the mechanics of making audience laugh.
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