THE CASINO THAT TAKES A PERCENTAGE AND WHAT YOU CAN DO ABOUT IT,
Abstract
If the casino's cut is at least 100 gamma %, then the probability of running a fortune up to t times its original value is less than 1 - ((t - 1)/t) to the 1-gamma power, but it can sometimes be nearly that much. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Oct 17, 1957
- Accession Number
- AD0606451
Entities
People
- Leonard J. Savage
Organizations
- RAND Corporation