Trapping the Ultimate Success

We introduce a betting game where the gambler aims to guess the last success epoch in a series of inhomogeneous Bernoulli trials paced randomly in time. At a given stage, the gambler may bet on either the event that no further successes occur, or the event that exactly one success is yet to occur, o...

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Bibliographic Details
Main Authors: Alexander Gnedin, Zakaria Derbazi
Format: Article
Language:English
Published: MDPI AG 2022-01-01
Series:Mathematics
Subjects:
Online Access:https://www.mdpi.com/2227-7390/10/1/158