Make Out Like a Bandit

Each button will give you a different random amount of money but costs $5 to click. How much money can you make in...

10 clicks?
20 clicks?
50 clicks?
100 clicks?

Clicks

Net $

Reflection

Which button was the most profitable?

How much money did you have to lose before you came out ahead?

What was your strategy for balancing Exploitation (i.e., earning the most money possible from buttons that were returning high values) and Exploration (i.e., trying new buttons)? When did you move on, and when did you stay?

Are you certain that you couldn't have made more money if you had explored more? Why?

Royce Kimmons

Brigham Young University

Royce Kimmons is an Associate Professor of Instructional Psychology and Technology at Brigham Young University where he studies digital participation divides specifically in the realms of social media, open education, and classroom technology use. He is also the founder of EdTechBooks.org. More information about his work may be found at http://roycekimmons.com, and you may also dialogue with him on Twitter @roycekimmons.

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Access it online or download it at https://edtechbooks.org/open_education/make_out_like_a_bandit.