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At it's core, it's probably not fake, but for entertainment purposes, they are definitely going to milk any good back stories and get the audience pumped up.
The whole game is a long drawn out version of the Monty Hall problem.
Pick a box and either take a chance that you picked a high value box, or accept the known offer, which is the average of all unopened box values.
If there are no goats, I object to the Monty Hall analogy. I love the Monty Hall problem because your chance of winning a goat is very good. I always wanted a goat.
I hear that if you happen to have a paper clip, yes, a paper clip in.your.purse RIGHT NOW!!, you may win a GOAT! or, this AmAnA RadarRange!!