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Discrete Red-and-Black with Fortune-Dependent Win Probabilities

Published online by Cambridge University Press:  27 July 2009

Lester E. Dubins
Lester E. Dubins
Affiliation:
Department of Statistics, University of California, Berkeley, Berkeley, CA 94720
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Abstract

For discrete versions of red-and-black with a goal, for timid play to be optimal, it suffices, but is not necessary, that no win probability be less than one-half. A condition that is both necessary and sufficient is provided.

Type
Research Article
Information
Probability in the Engineering and Informational Sciences , Volume 12 , Issue 4 , October 1998 , pp. 417 - 424
Copyright
Copyright © Cambridge University Press 1998

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References

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