Hi Everyone,
Another year has passed. It is Christmas again. For many, it has been a tough year. Sometimes it feels like these times may never end. However, Christmas can be the time when we take stock of what we have and who we have in our lives. It's a time to put all the bad aside and just be there for each other. These are the times when we need each other the most.
The Christmas Contest is about giving and sharing with fellow participants. This contest enables participants to do that if they please. Participants can win a little by helping other participants win the contest or they could also act like the Grinch to win the biggest prize for themselves. Beware, being mean has consequences.
Before I begin this contest, I would like to share two Christmas music videos. The first is ‘Where Are You Christmas?’ from the movie How the Grinch Stole Christmas. The second is ‘Do they know it’s Christmas (1984 Version)’. I hope they somehow inspire you.
Welcome to the 2023 Christmas Contest!
How to play?
The Christmas Contest involves 3 simple steps.
- Choose a present for yourself.
- Choose a present for the participant who went immediately before you.
- Choose a present for the participant who comes immediately after you.
As there are no participants before the first participant, the first participant gives a present to the last participant to enter (determined once the contest has closed). As there are no participants after the last participant, the last participant gives a present to the first participant. For example, if the contest has six participants, presents are given out as follows.
- First participant gives a present to the sixth (last) participant and the second participant.
- Second participant gives a present to the first participant and the third participant.
- Third participant gives a present to the second participant and the fourth participant.
- Fourth participant gives a present to the third participant and the fifth participant.
- Fifth participant gives a present to the fourth participant and the sixth participant.
- Sixth participant gives a present to the fifth participant and the first participant.
All participants should receive 3 presents.
All the information you need to know to play the game is provided in the question; i.e. no external research is required.
All entries must be made in the comments section of this post.
Each account is only permitted one entry.
Objectives of the game
This contest has two objectives. The first objective is to receive the highest value of presents (one from yourself and two from two other participants). The second objective is to give the highest value of presents (one to yourself and two to two other participants). These objectives are measured separately; thus, two participants can win Hive Power. The usual contest tie-breaker rules apply. If there is a tie, the participant who entered first wins.
Game assumptions
- There are 12 boxes that may contain presents.
- Each box may contain a present worth a stated value or the box might be empty; therefore, it has no value.
- Each box is assigned a probability that the present will be of the stated value.
- A participant can give and receive the same present more than once (E.g. Participant 3 could give themselves Present 4 as well as to Participants 2 and 4).
What information is provided?
- The values of presents that might be in each box
- The probability that the box contains the present of the value stated.
How are the results of the game determined?
A Microsoft Excel Model is used to determine if the presents are in the boxes. The model will calculate each participant’s value of presents and the value of presents given away, as well as determine the winners. The results post will contain a video generating the above results. The winners will be announced in both the video and written post.
Contest Prizes
The participant with the highest total value of presents received will win 25 Hive Power. The participant who gave away the highest total value of presents will win 15 Hive Power. Hive will be directly powered up to the winners’ accounts. The first 12 entries will be given upvotes.
Let the contest begin!
Participants need to choose three presents. One for themselves, one for the participant who went immediately before them, and one for the participant who entered immediately after them. The presents are as follows:
Presents
The table below contains the possible value of the presents inside the above boxes and the probability that these presents are worth this stated value. If they are not worth the stated value, they are worth nothing (i.e. the box is empty).
| Present | Possible Value of Presents | Probability |
|---|---|---|
| 1 | $40.00 | 90% |
| 2 | $120.00 | 40% |
| 3 | $80.00 | 80% |
| 4 | $15.00 | 95% |
| 5 | $50.00 | 70% |
| 6 | $20.00 | 10% |
| 7 | $180.00 | 15% |
| 8 | $100.00 | 60% |
| 9 | $70.00 | 85% |
| 10 | $200.00 | 30% |
| 11 | $90.00 | 50% |
| 12 | $500.00 | 5% |
Use this information to decide which presents you choose.
Entry Format
For the Christmas Contest, I expect to see entries made in the following format:
Present for myself:
Present for the participant before me:
Present for the participant after me:
Example of entry
Present for myself: 10
Present for the participant before me: 2
Present for the participant after me: 3
The closing date and time for this contest is 6PM coordinated universal time (UTC) 30/12/2023. Responses after this time will not be accepted. The winners will be announced in the results post along with the video revealing which boxes contain presents. I hope everyone has fun and enjoys the Christmas Contest.
Have an awesome Christmas and a fantastic New Year.
More posts
I have several collections of posts. I have organised these collections based on content and purpose.
The first collection contains six collection posts created before PeakD had the collection feature. Four of these posts relate to the core of my content; one of them contains all my Actifit Posts, and one of them contains my video course, ‘Economics is Everyone’.
The second collection consists of the posts that I consider define my channel. These posts are significant in terms of content as well as how they contribute to the growth of the channel. These posts reveal the most about what I believe in.
The third and fourth collection is what I call my ‘Freedom-based Economics living book’. They contain all the posts that support my ideas about the value and power of freedom. Some of these posts explain what we can achieve with freedom and what we need to utilise it. Some of them explain how we are deprived of freedom and how we often give up freedom for security and comfort. The third collection concludes with possible scenarios depending on what we (society) choose to do.
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