3 ms·
If I were completely rational, something less than $3.50, since that's the average of $1 to $6 ? Is that it? It does seem too simple, or otherwise the wording
by chubot 11y ago
If I were completely rational, something less than $3.50, since that's the average of $1 to $6 ?
Is that it? It does seem too simple, or otherwise the wording threw me off too.
- lordnacho 11y agoThat's all I was after.
- boobsbr 11y agoIsn't $1 a valid answer? I'm willing to pay $1, because the lowest amount I can win is $1, and I'd have a net loss of 0.
- talmand 11y agoWell, for that matter, why pay $1? Offer a cent per roll and you're guaranteed a significant payout as compared to your payin every single time.
- random28345 11y agoAnd to continue the questioning, if you have one reroll, and we assume you reroll a 1-3, then the expected value is (3.5 + 3.5 + 3.5 + 4 + 5 + 6) / 6. I'll take that hedge fund job now.
- talmand 11y agoAt first I was thinking of something along those lines, averages. I'm not a math guy so I was thinking there was more to it since I didn't know other aspects of the situation; such as my limit, the other guy's limit, and so on. I think my answer would have been, especially without more data, to not play the game. After living in Vegas for a number of years I know that even though the house often provides favorable percentages, the house always wins in the end. But with some more wording, this could be a clever brain teaser. Thanks for bringing it up.