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The symmetric 4-Player gambler’s problem with unequal initial stakes

  • Abid Hussain EMAIL logo and Salman A. Cheema
Published/Copyright: December 4, 2022
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Mathematica Slovaca
From the journal Mathematica Slovaca Volume 72 Issue 6

Abstract

This research advances the 4-player gambler’s ruin problem for the case of arbitrary initial stakes. The aim of the research is attained by offering simple expressions using the difference equation approach and thus providing closed form solution to the problem. Moreover, the existing technique of Chang [A game with four players, Statist. Probab. Lett. 23(2) (1995), 111–115] dealing with equal initial stakes is demonstrated as a sub-case of the newly devised scheme. The legitimacy of the proposed formulation is further verified by considering various parametric settings.

Keywords: 4-player game; arbitrary initial stakes; expected ruin time
MSC 2010: Primary 60-03

  1. (Communicated by Gejza Wimmer)

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Received: 2021-06-12
Accepted: 2021-09-20
Published Online: 2022-12-04
Published in Print: 2022-12-16

© 2022 Mathematical Institute Slovak Academy of Sciences

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https://doi.org/10.1515/ms-2022-0113
Keywords for this article
4-player game; arbitrary initial stakes; expected ruin time

Articles in the same Issue

  1. Prof. RNDr. Július korbaš, CSC. passed away
  2. Kalmbach measurability In d0-algebras
  3. Quantifiers on L-algebras
  4. Ideals of functions with compact support in the integer-valued case
  5. An algebraic study of the logic S5’(BL)
  6. Triangular numbers and generalized fibonacci polynomial
  7. A general matrix series inversion pair and associated polynomials
  8. Quantum ostrowski type inequalities for pre-invex functions
  9. Hermite-Hadamard type inequalities for interval-valued fractional integrals with respect to another function
  10. Approximating families for lattice outer measures on unsharp quantum logics
  11. On a generalized Lamé-Navier system in ℝ3
  12. Coercive and noncoercive elliptic problems with variable exponent Laplacian under Robin boundary conditions
  13. On some classical properties of normed spaces via generalized vector valued almost convergence
  14. Fan-Hemicontinuity for the gradient of the norm in Hilbert space
  15. Solvability of mixed problems for heat equations with two nonlocal conditions
  16. The global harnack estimates for a nonlinear heat equation with potential under finsler-geometric flow
  17. A note on set-star-K-Menger spaces
  18. A bivariate extension of the Omega distribution for two-dimensional proportional data
  19. Bernstein polynomials based iterative method for solving fractional integral equations
  20. The symmetric 4-Player gambler’s problem with unequal initial stakes
  21. Enveloping action: Convergence spaces
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