• Title of article

    Generalizations of bold play in red and black

  • Author/Authors

    Pendergrass، نويسنده , , Marcus and Siegrist، نويسنده , , Kyle، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2001
  • Pages
    18
  • From page
    163
  • To page
    180
  • Abstract
    The strategy of bold play in the game of red and black leads to a number of interesting mathematical properties: the playerʹs fortune follows a deterministic map, before the transition that ends the game; the bold strategy can be “re-scaled” to produce new strategies with the same win probability; the win probability is a continuous function of the initial fortune, and in the fair case, equals the initial fortune. We consider several Markov chains in more general settings and study the extent to which the properties are preserved. In particular, we study two “k-player” models.
  • Keywords
    Red and black , Bold play , Markov chain , Hitting time
  • Journal title
    Stochastic Processes and their Applications
  • Serial Year
    2001
  • Journal title
    Stochastic Processes and their Applications
  • Record number

    1576785