You go first and spin the wheel. Based on your first spin, you can decide whether you

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You go first and spin the wheel.

Based on your first spin, you can decide whether you want to spin again. (You can spin no more than twice.)

After you are done, it is the house’s turn. If your total is more than 50, the house doesn’t need a turn; it wins automatically. Otherwise, the house spins the wheel.

After its first spin, it can spin the wheel again if it wants. (The house can also spin no more than twice.)
Then the winner is determined, where a tie goes to you. Use simulation to estimate your probability of winning the game if you and the house both use best strategies. What are the best strategies?

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Practical Management Science

ISBN: 9781111531317

4th Edition

Authors: Wayne L. Winston, S. Christian Albright

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