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QUESTION
Value-at-Risk You lost a bet and owe your friend $1000 times whatever number they roll on a dice. The dice are fresh off the factory and you think...
Value-at-Risk
You lost a bet and owe your friend $1000 times whatever number they roll on a dice. The dice are fresh off the factory and you think they are probably fair dice. What is your 80% Value-at-Risk?
Some helpful numbers: 1/6 = 17%, 2/6 = 33%, 3/6 = 50%, 4/6 = 67%, 5/6 = 83%, 6/6 = 100%.
