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Thread: Roll a Dice (1)

  1. #1
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    Roll a Dice (1)




    1. Between two games offered to you, would you rather (i) roll a die once and get paid $1 million for each dot on the upturned face, or (ii) roll a die one million times and get paid $1 times the number on the upturned face for each roll? Why? (Suppose that you are risk averse.)

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    Re: Roll a Dice (1)


    salman, welcome to the forum!

    Please refer to posting rules and helpful tips before posting more questions:

    http://www.talkstats.com/showthread....avior-pays-off

    http://www.talkstats.com/showthread....ho-show-effort
    The earth is round: P<0.05

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