4 ms·
> You have a dice (1-6). Some guy offers to pay you whatever you roll. What are you willing to pay to play this game? Could you rephrase the question please, a
by chippy 11y ago
> You have a dice (1-6). Some guy offers to pay you whatever you roll. What are you willing to pay to play this game?
Could you rephrase the question please, as this is what I take from the above:
Firstly, why should I pay to play it, if some other guy is offering to pay me anyhow? All I would pay is the same unit of time spent rolling the die.
If the time taken to roll a die is worth less than the payout for rolling a 1, then any roll is going to make me money. If it is more then the payout for rolling a 6 then it's not worth rolling at all, and if in between - that's where some gambling comes into play.