What's in YOUR wallet?
History and Overview
2016-05-16 v3 Discrete Mathematics
Applications
Abstract
We use Markov chains and numerical linear algebra -- and several CPU hours -- to determine the expected number of coins in a person's possession under certain conditions. We identify the spending strategy that results in the minimum possible expected number of coins, and we consider two other strategies that are more realistic.
Keywords
Cite
@article{arxiv.1306.2060,
title = {What's in YOUR wallet?},
author = {Lara Pudwell and Eric Rowland},
journal= {arXiv preprint arXiv:1306.2060},
year = {2016}
}
Comments
10 pages; final version