29. Consider the gamblers ruin problem (Example 3.15) in which two gamblers play the game of heads...
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29. Consider the gambler’s ruin problem (Example 3.15) in which two gamblers play the game of “heads or tails.” Each time a fair coin lands heads up, player A wins $1 from player B, and each time it lands tails up, player B wins $1 from A. Suppose that, initially, player A has a dollars and player B has b dollars. We know that eventually either player A will be ruined in which case B wins the game, or player B will be ruined in which case A wins the game. Let T be the duration of the game. That is, the number of times A and B play until one of them is ruined. Find E(T).
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Fundamentals Of Probability With Stochastic Processes
ISBN: 9780429856273
4th Edition
Authors: Saeed Ghahramani
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