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).
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Similar Papers
Disclaimer: 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.