Dice Auction

Every student has a gut feeling when it comes to probability, and I feel like I have been too quick to theorize their gut instincts in the past. This year to introduce Grade 9 probability, I decided to exploit gut feelings to introduce the topic. To do this, I needed a semi-familiar situation, some friendly competition, and a time pressure to make decisions. To fit these criteria, I invented the Dice Auction.Premise:You are invited to an auction, and given a budget of $10. Everyone at this auction has an identical budget. You all are bidding on possible events when two …

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