How to Gamble If You're In a Hurry
Probability
2014-11-27 v2 Computer Science and Game Theory
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).
Keywords
Cite
@article{arxiv.1112.1645,
title = {How to Gamble If You're In a Hurry},
author = {Shalosh B. Ekhad and Doron Zeilberger},
journal= {arXiv preprint arXiv:1112.1645},
year = {2014}
}
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