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Bold Play Is Best: A Simple Proof

by Richard Isaac (Lehman College, CUNY)

This article originally appeared in:
Mathematics Magazine
December, 1999

Subject classification(s): Statistics and Probability | Probability | Elementary Probability
Applicable Course(s): 7.2 Probability

A general version of the gambler's ruin problem is solved by elementary means.


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Capsule Course Topic(s):
Probability | Famous Problems, Gambler's Ruin
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