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
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