## Question

# At a party, you and your friend are both eying the last slice of pizza. To settle the matter, you agree on the following dice

At a party, you and your friend are both eying the last slice of pizza. To settle the matter, you agree on the following dice game: each of you is going to roll a die; if the highest number rolled by either one of you is a 1, 2, 3 or 4, then player 1 wins. if the highest number is a 5 or a 6, then player 2 wins. Assuming that you really want that last slice of pizza would you rather be player 1 or player 2 to maximize your chance of winning?

## Step by Step Solution

There are 3 Steps involved in it

### Step: 1

From the rolling of a dice any value from 1 2 3 4 5 6 may come up Now the ru...### Get Instant Access to Expert-Tailored Solutions

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### Step: 2

### Step: 3

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### Fundamentals of Corporate Finance

**Authors:** Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim

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