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math.PR2020
Gambler's Ruin and the ICM
Persi Diaconis, Stewart N. Ethier
Consider gambler's ruin with three players, 1, 2, and 3, having initial capitals , , and units. At each round a pair of players is chosen (uniformly at random) and a fair…
math.PR2020★ 1 cited
How strong can the Parrondo effect be? II
S. N. Ethier, Jiyeon Lee
Parrondo's coin-tossing games comprise two games, and . The result of game is determined by the toss of a fair coin. The result of game is determined by the toss of…