Expected payoff of a dice game | JP Morgan
This is a past interview question from JP Morgan.
You have the option to throw an unbiased dice up to three times. You will earn the face value of the dice. You have the option to stop after each throw and walk away with the money earned. The earnings are not additive. How do you maximize the expected payoff of this game? Is your probability and expectations strong enough to solve this?
For any queries related to the solution please feel free to drop a comment.
Thank you for your time!
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