‘Price is Right’ logic, Milk oversupply

Air Date:
Heard On Central Time
dairy section

An author shares his new book on what we can learn from the decision-making processes used on the TV game show “The Price is Right.” Then, a dairy market expert helps us better understand how farmers end up dumping milk after an oversupply.

Featured in this Show

  • What 'The Price is Right' can teach us about our own decision-making

    Having reached its 50-year anniversary, The Price is Right is the longest-running game show in television history. In that amount of time, thousands of contestants have had the chance to win big, and patterns have emerged in how those players apply strategy to the games. We talk to the author of the new book, “Solving The Price Is Right,” about his mathematical observations from the show, and what they can tell us about our own real-life decision-making.

  • What's causing a milk oversupply?

    Farmers across the Midwest are again dumping volumes of milk down the drain as an oversupply floods the markets. We talk with UW-Madison Extention’s Dairy Markets and Policy Outreach specialist about what’s causing the milk surplus and how long it may last.

Episode Credits

  • Rob Ferrett Host
  • Sarah Hopefl Technical Director
  • Beatrice Lawrence Producer
  • Royce Podeszwa Producer
  • Justin Bergner Guest
  • Leonard Polzin Guest

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