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Problem 71-21, A Gambler's Ruin Problem

✍ Scribed by Michael L. Trombetta


Book ID
124938738
Publisher
Society for Industrial and Applied Mathematics
Year
1971
Tongue
English
Weight
242 KB
Volume
13
Category
Article
ISSN
0036-1445

No coin nor oath required. For personal study only.


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We give an explicit solution of the gambler's ruin problem when the players use two or more currencies. We also determine the asymptotics of the expected duration of the game when both players have equal amounts of each currency.  2002 Elsevier Science (USA)