Question

You are playing a game in a casino. The dealer throws 2 six sided dice. You win the product of the values on the dice .Assuming you are risk neutral,how much are you willing to pay to play this game​

Answer 1

Answer:

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Step-by-step explanation:

Step-by-step explanation: There are 36 outcomes in a throw of 2 dice throws here. The amount we would be willing to pay is computed here as the expected product value for the 2 dice as we are risk neutral, therefore we would be using the expected value.