On Optimality of Bold Play for Primitive Casinos in the Presence of Inflation

DOI10.1239/jap/1110381375zbMath1137.60323OpenAlexW2148062227MaRDI QIDQ5312845

Yi-Ching Yao, Lawrence A. Shepp, Cun-Hui Zhang, Robert W. Chen

Publication date: 25 August 2005

Published in: Journal of Applied Probability (Search for Journal in Brave)

Full work available at URL: https://projecteuclid.org/euclid.jap/1110381375

zbMATH Keywords

optimal strategygambling problembold strategyprimitive casinosharp strategy

Mathematics Subject Classification ID

Stopping times; optimal stopping problems; gambling theory (60G40) Probabilistic games; gambling (91A60)

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Cites Work

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• Discounted and rapid subfair red-and-black
• Geometric Convergence of Algorithms in Gambling Theory
• Subfair ?Red-and-Black? in the presence of inflation
• A bold strategy is not always optimal in the presence of inflation
• Favorable red and black on the integers with a minimum bet
• Optimal Stopping When the Future is Discounted