A common problem to solve for various university courses are gambling games. In these games we are usually interested in the probability that we actually win. One of these game consists in throwing dice and the higher number wins, now a more complicated and from a statistical point of view more interesting game is where each player is throwing its die twice and the person which has the overall higher sum wins. In the following I am going through an example to calculate the winning probability step by step and in the end I attach an excel file were the game can be simulated using various kind of dice.
Economic Theory Blog 