Mathematics of Gambling Revisited: under realistic assumptions
In a forthcoming paper entitled "Gamble if you are in a HURRRY!" by Evangelos Georgiadis, Doron Zeilberger and compubot Ekhad Shalosh, the mathematics of gambling has been re-examinded under a discrete and realistic view..... giving the reader a hands-on approach to the analysis.<p>The beautiful theory of statistical gambling, started by Dubins and Savage (for subfair games) and continued by Kelly and Breiman (for superfair games) has mostly been studied under the unrealistic assumption that we live in a continuous world, that money is indefinitely divisible, and that our life is indefinitely long. Here we study these fascinating problems from a purely discrete, finitistic, and computational, viewpoint, using Both Symbol-Crunching and Number-Crunching (and simulation just for checking purposes).