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Knight Capital Trading Operationist Intern Interview Question (student candidate)

I interviewed in Jersey City, NJ and was asked:
"given a dice, you can throw it at most thrice unti you feel satisfied with the number. design a strategy so that the expected value of the last throw is biggest. (a relatively easy question)"
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Part of a Trading Operationist Intern Interview Review - one of 37 Knight Capital Interview Reviews

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1st throw: if it's 5,6, then stop; else try another throw
2nd throw: if it's 4,5,6 then stop; else try another throw
3rd throw: just throw it...
- Interview Candidate on Jan 25, 2012

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