Expected Value of the Maximum of Two Dice
You roll two fair six-sided dice and keep the one showing the higher value (if they are equal, you keep that value). What is the expected value of the die you keep?
Hints
- Think about the CDF: what is the probability that the maximum of two dice is at most $n$?
- If both dice must show $\le n$, there are $n^2$ outcomes out of 36. Use this to get $P(\max = n) = \frac{n^2 - (n-1)^2}{36}$.
- Compute $P(\max = n) = \frac{2n-1}{36}$ for $n = 1, \ldots, 6$, then evaluate $\sum n \cdot P(\max = n)$.
Worked Solution
How to Think About It: You are computing $E[\max(D_1, D_2)]$ where $D_1, D_2$ are independent uniform draws from $\{1, 2, 3, 4, 5, 6\}$. Before doing any math, think about the bounds. The expected value of a single die is $3.5$. Taking the max of two dice must be higher than $3.5$ -- you are always keeping the better outcome. But it cannot exceed $6$. A reasonable gut estimate: around $4.5$.
Quick Estimate: The max of two uniform draws on $[0,1]$ has expectation