Quick Recap & Today’s Final Jeopardy – October 5, 2016

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Final Jeopardy! category: THE ECONOMY

Final Jeopardy! clue: Systemically Important Financial Institution is an official status known more informally by these 4 words

(correct response beneath the contestants)

Today’s contestants:

Margie Eulner Ott, a consultant & ride share driver from Bethesda, Maryland
Eric Felkey, a kitchen manger from Columbus, OH
Seth Wilson, a PhD candidate from Chicago, Illinois (12-day total: $265,002)

Click/Tap Here for Correct Response

What is “too big to fail”?


Results will go up on the main page late afternoon, with full stats early evening. They will be seen in the comments section at the bottom of the main page.


After the recent global financial crisis internationally, regulators in the global financial system have taken steps to ensure that these Systematically Important Financial Institutions do not fail, or if they do, limiting the adverse effects of its failure (hence, the “too big to fail”).

The United States has 8 Globally Systematically Important Banks: Bank of America, Bank of New York Mellon, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, State Street, and Wells Fargo.

Canada’s seven largest banks (Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Toronto-Dominion Bank, and Desjardins Group) are designated Domestic Systematically Important Banks.

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6 Comments on "Quick Recap & Today’s Final Jeopardy – October 5, 2016"

  1. Andy Saunders | October 5, 2016 at 12:41 pm |

    Scores going into Final Jeopardy:
    Seth $19,000
    Margie $17,000
    Eric $1,800

    Final Results:
    Eric $1,800 – $1,800 = $0 (no response)
    Margie $17,000 + $17,000 = $34,000 (1-day total: $34,000)
    Seth $19,000 + $5 = $19,005

    Here’s why Seth’s bet wasn’t as bad as you think.

    Daily Double locations:
    1) NAPOLEON $1000 (19th pick)
    Seth 5200 -1000 (Margie 1000 Eric 200)

    2) ALLITERATIVE TV ACTRESSES $1200 (3rd pick)
    Seth 7800 +2000 (Margie 1000 Eric 200)
    3) 12-LETTER WORDS $1600 (27th pick; $2,400 left on board, minute-to-go signal given)
    Margie 11000 +6000 (Seth 18000 Eric 1800)

    Unplayed clues:
    J! round: STAMPS $800 & $1000
    DJ! round: 12-LETTER WORDS $400

    Game Stats:
    Margie 12,600 Coryat, 14 correct, 4 incorrect, 29.63% in first on buzzer
    Seth 19,200 Coryat, 27 correct, 3 incorrect, 46.30% in first on buzzer
    Eric 1,800 Coryat, 7 correct, 2 incorrect, 14.81% in first on buzzer

    Seth Wilson, final stats:
    316 correct
    34 incorrect
    15/22 on Daily Doubles (Net Earned: $16,300)
    9/13 in Final Jeopardy
    41.26% in first on buzzer (295/715)
    Average Coryat: $18,077

    Margie Eulner Ott, stats to date:
    15 correct
    4 incorrect
    1/1 on Daily Doubles (Net Earned: $6,000)
    1/1 in Final Jeopardy
    29.63% in first on buzzer (16/54)
    Average Coryat: $12,600

    Margie Eulner Ott, to win:
    2 games: 51.24%
    3: 26.26%
    4: 13.45%
    5: 6.89%
    6: 3.53%
    Avg. streak: 2.051 games.

  2. Natalie Chanslor | October 5, 2016 at 8:08 pm |

    So sorry Seth lost. I wanted him to continue to win!

  3. Sorry, I can’t see why Seth’s wager was “not bad.” I can’t see why it was anything at all. What was the reasoning? Bet zero, bet high, bet in the middle, but five dollars?

    • Andy Saunders | October 6, 2016 at 7:49 am |

      $5 (or $2, or some token small amount) is better than $0 does as it adds between 2 to 3 percent to your chances of winning, as the defense-post linked above states, bringing its chances of winning close enough to that of the standard bet that I am saying that it “wasn’t bad”.

  4. The reason Seth’s wager was not bad was because he was counting on Margie wagering her best amount, which would have been $2,001. This would have put her $1 ahead of Seth. Wagering $17,000 was not her optimal wager because if she got it wrong she would have lost everything and has no chance of winning, however, if she wagers $2,001 and gets it wrong she has $14,999 and still has a chance of winning if Seth makes a wager to cover her wager (in this case if he wagers $15,001 and gets it wrong he has $3,999 and she wins). So his wager of $5 would cover him if she made the correct wager of $2,001 because she would’ve had $19,001 and he would’ve had $19,005. But Margie got lucky and got the question right and made the right wager.

    • Andy Saunders | October 6, 2016 at 3:31 pm |

      First up: “Right” and “Correct” are synonyms here and are being used to describe two completely different strategies out of Margie.

      Secondly: Seth’s wager was “not bad” not because of whatever he thought Margie might do; it was “not bad” because the winning percentages, which are based on over a decade’s worth of empirical wagering data, said that it was not optimal for Seth’s chances, but close — enough that it might be worth a gambit in order to draw out larger less-optimal wagers later from opponents.

      That being said, if we’re going to talk optimal small wagers out of Margie in a four-fifths game such as this one, $4,001 is a much better wager than $2,001, as it protects against precisely the sort of wager that Seth did. In fact, the wagering calculator at J! Archive sets Margie’s minimum optimal wager at $4,001 for this reason.

      However, in practice, it is much more common for a trailer to make the much-less-optimal $2,001 wager.

      (I use “optimal small” because obviously if she thinks Seth isn’t going to cover, the optimal wager for her becomes exactly what she did in this game: bet every single dollar.)

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