Abstract
For two-person zero-sum games, where the probability of each player winning is a continuous function of time and is known to both players, the mutually optimal strategy for proposing and accepting a doubling of the game value is known. We present an algorithm for deriving the optimal doubling strategy of a player who is aware of the suboptimal strategy followed by the opponent. We also present numerical results about the magnitude of the benefits; the results support the claim that repeated application of the algorithm by both players leads to the mutually optimal strategy.
Original language | English |
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Pages (from-to) | 867–872 |
Number of pages | 6 |
Journal | Journal of Applied Probability |
Volume | 42 |
Issue number | 3 |
DOIs | |
Publication status | Published - 1 Sep 2005 |
Keywords
- Optimal strategy; gambling; doubling