Abstract

The beautiful theory of statistical gambling, started by Dubins and Savage (for subfair games) and continued by Kelly and Breiman (for superfair games), has mostly been studied under the unrealistic assumption that we live in a continuous world, that money is indefinitely divisible and that our life is indefinitely long. Here, we study these fascinating problems from a purely discrete, finitistic and computational viewpoint, using both symbol-crunching and number-crunching (and simulation just for checking purposes).

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