Grinstead-Snell-Probability · Problem 11.2.25

Markov Chains

Mathematics · absorbing-markov-chains

Problem

Write a program to compute the probability wxw_x of Exercise 24 for given values of xx, pp, and TT. Study the probability that the gambler will ruin the bank in a game that is only slightly unfavorable, say p=.49p = .49, if the bank has significantly more money than the gambler.

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