Variable wager HI-LO: a stochastic dynamic programming analysis

J M Freeman ()
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J M Freeman: UMIST

Journal of the Operational Research Society, 2001, vol. 52, issue 3, 352-357

Abstract: Abstract Variants on the HI-LO gaming problem are analysed from a stochastic dynamic programming perspective. By way of illustration, the basic (Markovian) procedure is used to generate initial results for a contemporary British TV game contest. Related analysis enables players' round by round attitude to risk to be estimated non-subjectively.

Keywords: dynamic programming; gaming; Markov processes; risk; stochastic processes (search for similar items in EconPapers)
Date: 2001
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DOI: 10.1057/palgrave.jors.2601087

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