3.6.3 Players A and B each have $50 at the beginning of a game in which each...

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3.6.3 Players A and B each have $50 at the beginning of a game in which each player bets $1 at each play, and the game continues until one player is broke. Suppose there is a constant probability p D 0:492929: : : that Player A wins on any given bet. What is the mean duration of the game?

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An Introduction To Stochastic Modeling

ISBN: 9780233814162

4th Edition

Authors: Mark A. Pinsky, Samuel Karlin

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