A note on the gambling team method
Probability
2013-12-04 v2
Abstract
Gerber and Li in \cite{GeLi} formulated, using a Markov chain embedding, a system of equations that describes relations between generating functions of waiting time distributions for occurrences of patterns in a sequence of independent repeated experiments when initial outcomes of the process are known. We show how this system of equations can be obtained by using the classical gambling team technique . We also present a form of solution of the system and give an example showing how first results of trials influence the probabilities that a chosen pattern precedes remaining ones in a realization of the process.
Keywords
Cite
@article{arxiv.1310.4316,
title = {A note on the gambling team method},
author = {Krzysztof Zajkowski},
journal= {arXiv preprint arXiv:1310.4316},
year = {2013}
}
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9 pages