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

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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 = 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: 9780126848878

3rd Edition

Authors: Samuel Karlin, Howard M. Taylor

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