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Bet Your Coffee

by Dan Meyer

Bet Your Coffee

Act One

  • Dan Meyer

    Dan Meyer

    December 31, 2016

    When should we keep our free coffee card? When should we bet it?

  • Teacher note
    Offer students a couple of scenarios. What would they do if only one other person's card in the bowl was competing with theirs for the prize? What would they do if 10,000 other people's cards were competing? So where is the number of people where you'd switch your decision?

Act Two

  • Teacher note
    Take this opportunity to introduce your students to the concept of expected value.

Act Three


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