Red and Black

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Contents

  1. The Basic Gambling Model
  2. The Game of Red and Black
  3. The Probability of Winning with Timid Play
  4. The Expected Number of Trials with Timid Play
  5. The Probability of Winning with Bold Play
  6. The Expected Number of Trials with Bold Play
  7. A Condition for Optimality
  8. Timid Play is Optimal when the Trials are Favorable
  9. Bold Play is Optimal when the Trials are Unfair
  10. Notes on Red and Black
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