The Equity-Based Modeling for Two-Player Gambler's Ruin Problem
Muhammad Asim Masood, Abid Hussain, Ehtasham ul Haq & Ishfaq Ahmad · Asian Journal of Probability and Statistics · 2022
In the context of the classical two-player gambler's ruin problem, the winning probabilities and initial stakes are pre-decided. If a player (who is in financial crisis) starts with less amount than his/her opponent in the symmetric game, has more chances to be ruined. Besides, a...
Open access
Research Article
10.9734/ajpas/2022/v19i230467