=+xx 2 ;, the overall chance of success is of course Q(x), and for an initial fortune
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=+xx 2 ;, the overall chance of success is of course Q(x), and for an initial fortune x < ;, it is Q(2x)Q()=pQ(2x)=Q(x). The success probability is indeed Q(x) as for bold play, although the policy is different. With this example in mind, one can generate a whole series of distinct optimal policies.
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Related Book For
Probability And Measure Wiley Series In Probability And Mathematical Statistics
ISBN: 9788126517718
3rd Edition
Authors: Patrick Billingsley
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