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):

• Weingarten,H.

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:

• (*PROBABILITY
• PROBLEM SOLVING)
• (*GAME THEORY
• SEQUENTIAL ANALYSIS)
• DIFFERENCE EQUATIONS
• MATRICES(MATHEMATICS)

Subject Categories:

• Statistics and Probability
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE