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 |
|---|---|
| Pages (from-to) | 867–872 |
| Number of pages | 6 |
| Journal | Journal of Applied Probability |
| Volume | 42 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 1 Sept 2005 |
Keywords
- Optimal strategy; gambling; doubling
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