Gambler's Ruin by Patrick Kane '17
Monday, April 3 at 1:00pm to 1:45pm
Bronfman Science Center, 106 18 Hoxsey St, Williamstown, MA 01267, USA
Abstract: I will discuss and prove the famous gambler's ruin result that a gambler with finite wealth playing fair games against an opponent with infinite wealth will eventually go broke. I will also discuss some variations of the problem and applications to other results in probability and statistics.
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