trickymahonia wrote:
Very disappointing offers by the banker indeed.
But, as you go on to implicitly recognise, effective ones. Although maybe she could have gone earlier for less with a bit more generosity - a £10k offer at five-box might have done the trick.
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Today’s current climate these days, and it is such a long time since I was a student, is that the individual just sees free money as a way to get out of debt and start the slate clean. I am sure that is why so many of the younger players surprisingly lack the courage.
Recall that Woodsy pointed out £16,000 would pay off her student debts. I would imagine that if she could have done all the rational calculations in her head she would have taken £16,000, even with the jackpot in play. Indeed, I believe that is what she was semi-naively chasing at eight-box, then once she got to five-box she was chasing the £16,000, and the Banker didn't need to offer any more than that really. The extra two grand was just to make sure.
It's all thrown in front of you at two-box. And in all-or-peanuts the only way to play it - although very few do it - is to decide if the offer has more than half the utility of the top box. It would for me; £18,000 would pay off my student debts, but £100,000 properly handled would pretty much set me up financially for life (by virtue of facilitating the purchase of a small house or decent-sized flat with a manageable mortgage), and having a place of my own is really the overwhelming goal in my life.
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Noels final comment about someone of her age not having the courage is facile, he no doubt is, or has funded his children’s education throughout, and they will not owe the Student Loan Lenders anything.
Absolutely fantastic point. (Pedantically you should be referring to the Student Loan Company, but I got your point. And I'm a dreadful pedant.) Someone who has had multi-millions for almost all his adult life is not in a particularly good position to understand what £20,000 means to the average person.
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I didn't find Woodsy annoying at all, thought like the rest of the posters thought that she would have gone earlier.
I would have either taken the eight-box offer or gone to the end, and I suspect I would have gone to the end. I think Woodsy just couldn't read the eight-box board, I'm almost positive she didn't realise that hitting £100k and not £250k in that round would never have raised the offer, she had to keep both or chase a high-risk sixth round to get more, and even then only much more on £15k/£100k or anything/£250k.
Note that this doesn't mean it was an offer that should have been dealt. I still don't think I would, and it was utterly reasonable to play on (we normally see £20k-odd in that situation, and I consider that the right offer for that situation). But I think, based on Woodsy's likely utility curve, an eight-box Deal was the smart play.
Good thing she didn't make it though, she'd have got even more abuse on here and probably a £26k proveout offer at the end to boot...