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Gambler's Ruin - Expository Introduction

Concise statement of problem with clearly written proof of solution. Several nice examples with solutions are given. Applications to risk insurance and simple random walks included. Proofs for maximum, minimum and recurrence for a simple random walk are given.
Identifier: 
http://www.columbia.edu/~ks20/stochastic-I/stochastic-I-GRP.pdf
Rating: 
3
Average: 3 (253 votes)
Creator(s): 
Karl Sigman
Cataloger: 
Carolyn Cuff
Publisher: 
Karl Sigman
Rights: 
Karl Sigman

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