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gambler's ruin |
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gambler's ruin [¦gam·blərz ′rü·ən] (statistics) A game of chance which can be considered to be a series of Bernoulli trials at which each player wins a specified sum of money for every success and loses another sum for every failure; play goes on until the initial capital is lost and the player is ruined. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| But I would say the gambler's ruin problem is the most interesting topic to readers, as it presents the cases when the player will be ruined in a repeated game with different winning probabilities. |
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