A bold strategy is not always optimal in the presence of inflation
DOI10.1239/JAP/1082999089zbMATH Open1057.60036OpenAlexW2160189950MaRDI QIDQ4819482FDOQ4819482
Authors: Larry Shepp, Alan Zame, Robert W. Chen 
Publication date: 24 September 2004
Published in: Journal of Applied Probability (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1239/jap/1082999089
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Special processes (60K99) Stopping times; optimal stopping problems; gambling theory (60G40) Optimal stopping in statistics (62L15) Probabilistic games; gambling (91A60)
Cites Work
- Title not available (Why is that?)
- Optimal Stopping When the Future is Discounted
- Discounted and rapid subfair red-and-black
- Red-and-black with unknown win probability
- Subfair primitive casino with a discount factor
- Subfair ?Red-and-Black? in the presence of inflation
- On discounted subfair primitive casino
- Subfair Red-and-Black with a Limit
Cited In (5)
- Maximizing the discounted survival probability in Vardi's casino
- Optimal Strategy for the Vardi Casino with Interest Payments
- On Optimality of Bold Play for Primitive Casinos in the Presence of Inflation
- Explicit Optimal Strategy for the Vardi Casino with Limited Playing Time
- On Optimality of Bold Play for Discounted Dubins-Savage Gambling Problems with Limited Playing Times
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