Gambler's ruin problem

GPTKB entity

Statements (25)
Predicate Object
gptkbp:instanceOf probability problem
gptkbp:describes probability of a gambler going bankrupt
gptkbp:field gptkb:probability_theory
stochastic processes
gptkbp:hasApplication finance
population genetics
gambling
statistical physics
gptkbp:hasVariant multiple players
biased random walk
infinite bankroll
https://www.w3.org/2000/01/rdf-schema#label Gambler's ruin problem
gptkbp:involves random walk
discrete time Markov process
gptkbp:relatedTo gptkb:martingale
fair game
absorbing barrier
gptkbp:solvedBy difference equations
generating functions
gptkbp:studiedBy gptkb:Christiaan_Huygens
gptkb:Pierre-Simon_Laplace
gptkbp:studies probability of losing all money
probability of reaching a target fortune
gptkbp:bfsParent gptkb:Optimal_Stopping_Rules
gptkbp:bfsLayer 7