Accession Number : AD0757028

Title :   Gambler's Ruin and Sequential Analysis,

Corporate Author : CENTER FOR NAVAL ANALYSES ARLINGTON VA OPERATIONS EVALUATION GROUP

Personal Author(s) : Weingarten,H.

Report Date : 07 AUG 1964

Pagination or Media Count : 18

Abstract : A straightforward algebraic approach successfully demonstrates that the solutions to the classical gambler's ruin (also known as random walk on a straight line), and a suitably stated version of the sequential analysis testing of a hypothesis, are identical. That is gambler's ruin and sequential analysis are essentially the same, from the point of view of the probability problem which is solved. (Author)

Descriptors :   (*PROBABILITY, PROBLEM SOLVING), (*GAME THEORY, SEQUENTIAL ANALYSIS), DIFFERENCE EQUATIONS, MATRICES(MATHEMATICS)

Subject Categories : Statistics and Probability
      Operations Research

Distribution Statement : APPROVED FOR PUBLIC RELEASE