Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/244561 
Year of Publication: 
2020
Series/Report no.: 
Working Paper No. 3/2020
Publisher: 
Örebro University School of Business, Örebro
Abstract: 
Abstract The game Pass the Pigs® offers students in statistics to practice a lot of statistical concepts and methods in a coherent way. In this paper a probability model is derived based on assumptions of the data generating process. A previously suggested strategy of maximizing the expected score in each round is adapted to the model. Adopting this strategy requires estimating the score of accumulated points, where to stop rolling the pigs and pass them on to the next player, as a function of unknown parameters in the model. Point and interval estimators for the mentioned accumulated score are derived using the maximum likelihood method as well as the Delta method and Bootstrap methods. Data from an experiment is used to testing model assumptions and to get point and interval estimates.
Subjects: 
Pigs
Game
Strategy
Delta Method
Bootstrap
JEL: 
A22
A23
Document Type: 
Working Paper

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