Optimizing stakes in simultaneous bets
Probability
2020-09-21 v4
Abstract
We want to find the convex combination of iid Bernoulli random variables that maximizes for a given threshold~. Cs\'oka conjectured that such an is an average if , where is the success probability of the Bernoulli random variables. We prove this conjecture for a range of and .
Keywords
Cite
@article{arxiv.2002.06804,
title = {Optimizing stakes in simultaneous bets},
author = {Robbert Fokkink and Ludolf Meester and Christos Pelekis},
journal= {arXiv preprint arXiv:2002.06804},
year = {2020}
}