A savings paradox for integer-valued gambling strategies

Jason Teutsch ()

International Journal of Game Theory, 2014, vol. 43, issue 1, 145-151

Abstract: Under the assumption that wagers remain integer-valued, as would happen in most casinos, we identify the following bizarre situation: there exists a sequence of coin flips $$X$$ X such that some effective gambler manages to accumulate arbitrary wealth by betting on $$X$$ X , however any such gambler goes bankrupt whenever he tries to take his winnings outside the casino. Copyright Springer-Verlag Berlin Heidelberg 2014

Date: 2014
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DOI: 10.1007/s00182-013-0377-7

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