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Consider a gambler who at each gamble is equally likely to either win or lose 1 unit. Suppose the gambler will quit playing when his winnings are either A or −B,A>0,B>0. Use an appropriate martingale to
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May 18, 2021
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Consider a gambler who at each gamble is equally likely to either win or lose 1 unit. Suppose the gambler will quit playing when his winnings are either A or −B,A>0,B>0. Use an appropriate martingale to show that the expected number of bets is AB.
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Answer:
2ⁿ
-
Explanation:
find the attached solution below
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May 22, 2021
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