Paid the last roll before you stop

You roll a fair die repeatedly, stopping the first time a value other than 11 appears, and you are paid the amount showing on that final roll. What is the fair value of this game?

Show hints (2)+
  1. The paying roll is always in {2,3,4,5,6}\{2,3,4,5,6\}. Are those five outcomes equally likely to be the stopper?
  2. Yes - condition on “not a 11”; the payout is the mean of {2,3,4,5,6}\{2,3,4,5,6\}.

Answer

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Asked at: Optiver, SIG

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