document: Who wants to see a $ million error ? Inspired by the popular television show `` Who Wants to Be a Millionaire ? '' , this case discusses the monetary decisions contestants face on a game consisting of 15 increasingly difficult multiple choice questions . Since the game continues as long as a contestant answers correctly , this case , at its core , is one of sequential decision analysis , amenable to analysis via stochastic dynamic programming . The case is also suitable for a course dealing with single decision analysis , allowing for discussion of utility theory and Bayesian probability revision . In developing a story line for the case , the author has sprinkled in much background material on probability and statistics . This material is placed in a historical context , illuminating some of the influential scholars involved in the development of these subjects as well as the birth of operations research and the management sciences
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