=+Example 7.9. In Example 7.2 the capital is $100 and the goal $20,000. At unit stakes the
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=+Example 7.9. In Example 7.2 the capital is $100 and the goal $20,000. At unit stakes the chance of successes is .005 for p = ; and 3 x 10-911 for p = . Another approximate calculation shows that bold play at red-and-black gives the gambler probability about .003 of success, which again compares well with the fair case.
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Probability And Measure Wiley Series In Probability And Mathematical Statistics
ISBN: 9788126517718
3rd Edition
Authors: Patrick Billingsley
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