Estimating Probability Distributions by Observing Betting Practices

DOI10.1080/03610920701648698zbMath1170.90405OpenAlexW2158492453MaRDI QIDQ5450531

Daniel Barry, Caroline Lynch

Publication date: 12 March 2008

Published in: Communications in Statistics - Theory and Methods (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/03610920701648698

zbMATH Keywords

EM algorithmMarkov decision processhorse racebookmaker

Mathematics Subject Classification ID

Search theory (90B40) Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40) Continuous-time Markov processes on discrete state spaces (60J27)

Cites Work

• The stochastic processes of Borel gambling and dynamic programming
• Optimization of stochastic systems. Topics in discrete-time systems
• The minimax bookie
• On optimal policies and martingales in dynamic programming
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