Sophisticated Gambler's Ruin and Survival Chances

Sophisticated Gambler's Ruin and Survival Chances
Author: Salil Mehta
Publisher:
Total Pages: 10
Release: 2014
Genre:
ISBN:
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This note explores the mathematical theory to solve modern gambler's ruin problems. We establish a ruin framework and solve for the probability of bankruptcy. We also show how this relates to the expected time to bankruptcy and review the risk neutral probabilities associated an adjustment to asymmetrical views.


Sophisticated Gambler's Ruin and Survival Chances
Language: en
Pages: 10

Sophisticated Gambler's Ruin and Survival Chances

Authors: Salil Mehta
Categories:
Type: BOOK - Published: 2014 - Publisher:

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This note explores the mathematical theory to solve modern gambler's ruin problems. We establish a ruin framework and solve for the probability of bankruptcy. W
The Pleasures of Probability
Language: en
Pages: 249

The Pleasures of Probability

Authors: Richard Isaac
Categories: Mathematics
Type: BOOK - Published: 2013-11-11 - Publisher: Springer Science & Business Media

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The ideas of probability are all around us. Lotteries, casino gambling, the al most non-stop polling which seems to mold public policy more and more these are a
The 7 Most Important Equations for Your Retirement
Language: en
Pages: 226

The 7 Most Important Equations for Your Retirement

Authors: Moshe A. Milevsky
Categories: Business & Economics
Type: BOOK - Published: 2012-05-10 - Publisher: John Wiley & Sons

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The 800 years of scientific breakthroughs that will help salvage your retirement plans Physics, Chemistry, Astronomy, Biology; every field has its intellectual
Innovation, Globalization and Firm Dynamics
Language: en
Pages: 445

Innovation, Globalization and Firm Dynamics

Authors: Anna M. Ferragina
Categories: Business & Economics
Type: BOOK - Published: 2014-03-14 - Publisher: Routledge

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This book is about the relationship between firm dynamics, innovation and globalization, the processes that are essential for long term economic growth and welf
What are the Chances of That?
Language: en
Pages: 483

What are the Chances of That?

Authors: Andrew C. A. Elliott
Categories: Mathematics
Type: BOOK - Published: 2022-11-28 - Publisher: Oxford University Press

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Chance fills every day of our lives and affects every decision we make. Yet, for something woven so closely into the fabric of our being, we are not very good a