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arXiv:1112.1645math.PR

How to Gamble If You're In a Hurry

Shalosh B. Ekhad, Doron Zeilberger

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Abstract

The beautiful theory of statistical gambling, started by Dubins and Savage (for subfair games) and continued by Kelly and Breiman (for superfair games) has mostly been studied under the unrealistic assumption that we live in a continuous world, that money is indefinitely divisible, and that our life is indefinitely long. Here we study these fascinating problems from a purely discrete, finitistic, and computational, viewpoint, using Both Symbol-Crunching and Number-Crunching (and simulation just for checking purposes).

arXiv comments
6 pages; accompanied by a Maple package at http://www.math.rutgers.edu/~zeilberg/tokhniot/HIMURIM ; This version removes the name of the former second-named author by his own request
Journal reference
Journal of Difference Equations and Application, 19(2013) , 520-526
DOI
Subjects
math.PRProbability cs.GTComputer Science and Game Theory

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No comments linking this paper were found in the collected sources. Found in 2 HN submissions from Dec 2011 to Dec 2011. Open submission discussions.

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Submitted to Hacker News

  • Mathematics of Gambling Revisited: under realistic assumptions4 points0 comments

    In a forthcoming paper entitled "Gamble if you are in a HURRRY!" by Evangelos Georgiadis, Doron Zeilberger and compubot Ekhad Shalosh, the mathematics of gambling has been re-examinded under a discrete and realistic view..... giving the reader a hands-on approach to the analysis. The beautiful theory of statistical gambling, started by Dubins and Savage (for subfair games) and continued by Kelly and Breiman (for superfair games) has mostly been studied under the unrealistic assumption that we…

  • How to gamble if you are in a hurry [pdf]2 points0 comments

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