[HN Gopher] Gambler's Ruin Problem [pdf]
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       Gambler's Ruin Problem [pdf]
        
       Author : lawrenceyan
       Score  : 14 points
       Date   : 2022-10-01 13:02 UTC (9 hours ago)
        
 (HTM) web link (www.columbia.edu)
 (TXT) w3m dump (www.columbia.edu)
        
       | Projectiboga wrote:
       | Classic recursive or iterative problem that an undergraduate
       | Statistics major needs to be able to derive directly not using
       | formulas. Its wild how the chance of going broke is your money in
       | bet units above both sides money at 50/50 and the odds go
       | dramatically worse with any house edge.
        
         | andirk wrote:
         | Is it because one can get ruined by hitting 0 but a "win" is
         | subjective because there's no absolute upper bound? If one
         | could go in to negative at 50/50 odds, then the game will dance
         | around that $1 starting point forever?
        
       | alpark3 wrote:
       | Studying for quant interviews lol
        
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       (page generated 2022-10-01 23:02 UTC)