Abstract
We consider finite state gambling problems with the Dubins and Savage payoff and with the $\lim\inf$ payoff. For these models we show that the optimal return function with respect to all stationary strategies can be characterized similarly to the optimal return function. This enables us then to characterize those stationary strategies which are optimal within the set of all stationary strategies in the same way as it was done for optimal strategies by Dubins and Savage.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
