Explicit Optimal Strategy for the Vardi Casino with Limited Playing Time

DOI10.1239/JAP/1189717548MaRDI QIDQ5440652zbMATH OpenOpenAlexFDO

Authors Yi-Ching Yao

Publication date 5 February 2008

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

Full work available at URL https://doi.org/10.1239/jap/1189717548

zbMATH Keywords

finite horizongambling theorybold playprimitive casino

Mathematics Subject Classification ID

Applications of game theory (91A80) Stopping times; optimal stopping problems; gambling theory (60G40) Probabilistic games; gambling (91A60)

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Cites work

• scientific article; zbMATH DE number 3560402 (Why is no real title available?)
• A bold strategy is not always optimal in the presence of inflation
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• Improving on bold play when the gambler is restricted
• On Optimality of Bold Play for Discounted Dubins-Savage Gambling Problems with Limited Playing Times
• On Optimality of Bold Play for Primitive Casinos in the Presence of Inflation
• Optimal Strategy for the Vardi Casino with Interest Payments
• Two-person red-and-black games with bet-dependent win probability functions

Cited in

(7)

• Optimal Strategy for the Vardi Casino with Interest Payments
• On Optimality of Bold Play for Discounted Dubins-Savage Gambling Problems with Limited Playing Times
• Optimal exit time from casino gambling: strategies of precommitted and naive gamblers
• Optimal policies for playing variable wager HI-LO
• Bold play and the optimal policy for Vardi's casino
• Strong Optimality of Bold Play for Discounted Dubins-Savage Gambling Problems with Time-Dependent Parameters
• Maximizing the discounted survival probability in Vardi's casino

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