I picked the bet on 6. But I already knew I was risk intuitive. After all, after my research and assessments on Craps, I picked Golden Touch as my source for learning without hesitation, proving my risk intelligence.

In working for the Department of Defense and for Fortune 100 companies all my adult life, I’ve taken every personality test (also called Temperament Surveys) that exists, usually as part of Team Building exercises. The best of them all is the D.I.S.C. Temperament Survey. I even had my wife, RollTide4Ever, take the D.I.S.C Temperament Survey on our first date, and shared mine with her.

Her sister is a High C, which is the temperament of most Engineers and Librarians, for example. That temperament is very risk adverse. You are not likely to find them at the Craps table. There are exceptions, like NoFieldFive, who, I am pretty certain, is a High C. They are also very detail oriented, as is NoFieldFive. It’s so apparent when you hear him talk about craps. It also makes him a great instructor.

I’ll toy with my High C sister-in-law during a Monopoly Game. I’ll offer her a great trade, such as two Green properties for Park Place with $1000, giving both of us a monopoly. I know she’ll say no, because she just can’t bear to risk her money or property. So then I’ll offer her the reverse, “Ok, I’ll give you my Boardwalk for your green property and $1000.” She’ll still say “No.”, showing the anguish in her face. Her brain knows it a good deal, but she can’t overcome her risk aversion. We all laugh at that, including her.

Most people are risk averse, at least 60% of the population. So, I like your “Risk Intelligence” test. I’m adding it to my repertoire.

Interesting Preacher. I took the D.I.S.C. Temperament Survey and came out with a result of A(45%)/B(40%)/C(10%)/D(5%).

My sequence of scores characterized me in the following way:

You have a strong inner motivation to influence people and circumstances. You thrive on competitive situations and challenging assignments. The stresses and pressures of everyday work and life are unlikely to reduce your effectiveness and enthusiasm.

I guess that seems to fit and it explains why I like craps and controlled shooting.

Now as for the test that 7X7 posted, there are a couple of different ways to look at it to see which is better. My first impression upon reading the test was that the roll of the die was the optimal choice. But then I checked it out mathematically to confirm my feeling.

In 36 rolls of the dice one can expect to win 6 X $750 = $4,500 and lose 30 X $100 = $3,000 for a net win of $1,500.
Flipping a coin 36 times one can expect to win 18 X $75 = $1,350 and lose 18 X $50 = $900 for a net win of $450.

Clearly throwing the single die is the best way to go.

If you want to figure out your expected win on a per trial basis one needs to divide the net win by 36.

Bet 1; toss a coin. $450/36 = $12.50
Bet 2: roll a die. $1,500/36 = $41.67

Another way to look at it would be as follows:

For every 2 tosses of a coin one can expect to win $75-50 = $25. 6 tosses would yield an expected win of $75
For every 6 rolls of the die one can expect to win $750 once and lose 5X$100 = $500 for an expected win of $250

Again the toss of the die provides the highest expected value.

Just took this test on line and paying for the extended report 😀

Dom

What great information. Thank you 7X7 for posting this and all who added to this thread.

Rose and Doc

BTW, if anyone wants to use the D.I.S.C. temperament survey, send me a private message and I will send you the two sheets for temperament scoring. It only takes 5 to 15 minutes. I will include instructions and a full description of the four temperament styles (D, I, S, and C). You end up with a primary and secondary temperament style based on the scoring, generally. It also explains how you best contribute to a team, strengths and weaknesses, etc. I find it most useful in knowing how best to deal with people with different temperament styles.

Interestingly, I usually can’t stand working with people with my dominant temperament style. I thank my military training early in life, which forced me to keep my natural tendencies under control and to respect the strengths of people with other temperaments.