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

Mathematics Colloquium

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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lecture/seminar/presentation

Departments

Mathematics & Statistics

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