Enterpreneurial Influence on Real Estate Risk
It is axiomatic that direct ownership of real estate entails management. With the burden of management comes the benefit of control.Suppose, prior to entering the game, you could - with full knowledge and consent of the other players - modify the dice in a way that influenced your odds of winning. The modification of one such die might look like the die below. Several important assumptions are necessary to produce the outcome you see below, but the essence is that probabilities are "adjusted", with the adjustment of the shape of the dice. The output you see after 5000 rols of the dice is a list of probabilities that each face will land facing down, which of course determines which face is facing up after a roll. It would be in your interest to modify the dice so that the largest payoff was on the face that lands facing up.
