How to gamble if you're in a hurry

Evangelos Georgiadis; Doron Zeilberger; Shalosh B. Ekhad

doi:10.1080/10236198.2012.656620

How to gamble if you're in a hurry

Evangelos Georgiadis, Doron Zeilberger, Shalosh B. Ekhad

School of Arts and Sciences, Mathematics

Research output: Contribution to journal › Article › peer-review

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).

Original language	English (US)
Pages (from-to)	520-526
Number of pages	7
Journal	Journal of Difference Equations and Applications
Volume	19
Issue number	3
DOIs	https://doi.org/10.1080/10236198.2012.656620
State	Published - Mar 2013

All Science Journal Classification (ASJC) codes

Analysis
Algebra and Number Theory
Applied Mathematics

Keywords

Kelly strategy
combinatorics
game theory
optimal (betting) strategies
probability
superfair games

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10.1080/10236198.2012.656620

Cite this

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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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author = "Evangelos Georgiadis and Doron Zeilberger and Ekhad, {Shalosh B.}",

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How to gamble if you're in a hurry

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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