Probability, Minimax Approximation and Nash-Equilibrium. Estimating the Parameter of a Biased Coin
Probability
2018-02-15 v3
Abstract
This paper deals with the application of Approximation Theory type techniques to study a classical problem in Probability: estimating the parameter of a biased coin. For this purpose, a Minimax Estimation problem is considered and the characterization of the optimal estimator is shown, together with the weak asymptotics of such optimal choices as the number of coin tosses approaches infinity; in addition, a number of numerical examples and graphs are displayed. At the same time, the problem is also discussed from the Game Theory viewpoint, as a non-cooperative, two-player game, and a Nash-equilibrium is established. The particular case of n=2 tosses is completely solved.
Keywords
Cite
@article{arxiv.1605.08721,
title = {Probability, Minimax Approximation and Nash-Equilibrium. Estimating the Parameter of a Biased Coin},
author = {D. Benko and D. Coroian and P. D. Dragnev and R. Orive},
journal= {arXiv preprint arXiv:1605.08721},
year = {2018}
}
Comments
24 pages, 10 figures