Gambler's ruin probability - a general formula
Probability
2018-12-03 v5
Abstract
We derive an explicit formula for the probability of ruin of a gambler playing against an infinitely-rich adversary, when the games have payoff given by a general integer-valued probability distribution.
Keywords
Cite
@article{arxiv.1209.4203,
title = {Gambler's ruin probability - a general formula},
author = {Guy Katriel},
journal= {arXiv preprint arXiv:1209.4203},
year = {2018}
}
Comments
11 pages