Article ID Journal Published Year Pages File Type
1710158 Applied Mathematics Letters 2009 5 Pages PDF
Abstract

We determine the distribution of duration in the gambler’s ruin problem given that one specific player wins. In this version we allow ties in the single games. We present a unified approach which uses generating functions to prove and extend some results that were obtained in [Frederick Stern, Conditional expectation of the duration in the classical ruin problem, Math. Mag. 48 (4) (1975) 200–203; S.M. Samuels, The classical ruin problem with equal initial fortunes, Math. Mag. 48 (5) (1975) 286–288; W.A. Beyer, M.S. Waterman, Symmetries for conditioned ruin problems, Math. Mag. 50 (1) (1977) 42–45].

Related Topics
Physical Sciences and Engineering Engineering Computational Mechanics
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