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Please provide detailed explanation. Thank you. 14. Suppose that you are gambling against an infinitely rich adversary and at each stage you either win or

Please provide detailed explanation. Thank you.

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"14. Suppose that you are gambling against an infinitely rich adversary and at each stage you either win or lose 1 unit with respective probabilities p and 1 - p. Show that the probability that you eventually go broke is H if p S (q/p)' ifp > where q = 1 - p and where i is your initial fortune

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