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...


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?

Suggested Citation

(2021). Make Out Like a Bandit. In , , , , , , , & (Eds.), An Introduction to Open Education. EdTech Books.

CC BY: This work is released under a CC BY license, which means that you are free to do with it as you please as long as you properly attribute it.