If you repeat the dice game several times, or perhaps in a class, you might find that Red occassionally comes out the winner. Seeing that all of the others lose with Red, how might it be that some...

If you repeat the dice game several times, or perhaps in a class, you might find that Red occassionally comes out the winner. Seeing that all of the others lose with Red, how might it be that some team comes out ahead with Red?

Red is artificial; we don’t know an investment that would work so well if paired with returns on Treasuries (White). What other attribute of the simulation is artificial? (Hint: This attribute makes it easy to find the variance of Pink.)