Accession Number:
AD0757028
Title:
Gambler's Ruin and Sequential Analysis,
Descriptive Note:
Corporate Author:
CENTER FOR NAVAL ANALYSES ARLINGTON VA OPERATIONS EVALUATION GROUP
Personal Author(s):
Report Date:
1964-08-07
Pagination or Media Count:
18.0
Abstract:
A straightforward algebraic approach successfully demonstrates that the solutions to the classical gamblers 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 gamblers ruin and sequential analysis are essentially the same, from the point of view of the probability problem which is solved. Author
Descriptors:
Subject Categories:
- Statistics and Probability
- Operations Research