Gambler's ruin probability - a general formula

Guy Katriel

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arXiv · 1209.4203

Gambler's ruin probability - a general formula

Guy Katriel

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Abstract

We derive an explicit formula for the probability of ruin of a gambler playing against an infinitely-rich adversary, when the games have payoff given by a general integer-valued probability distribution.

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Guy Katriel. 2012-09-19. Gambler's ruin probability - a general formula. https://arxiv.org/abs/1209.4203

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