During a visit home to Tione di Trento, Italy, a few years ago, I started a new after-dinner routine: watching the TV show Affari Tuoi (translated literally, “Your Business”) with my family. Before each episode, an independent notary company randomly assigns monetary prizes and nonmonetary ones (such as a cork or a one-year supply of soap) to twenty boxes. The monetary prizes range from 1 euro cent to hundreds of thousands of euros. The maximum prize is €500,000 (about $630,000), which is always contained in one of the boxes. The twenty boxes are sealed, consecutively numbered from 1 to ...
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