coin tossing - 金融分析師
By Linda
at 2011-02-01T10:59
at 2011-02-01T10:59
Table of Contents
Assume a coin is fair and your initial position is flat.
You gain $1 on a head and lose $1 on a tail.
You quit the game once you position is +$1.
Then what is the probability that the game terminates?
I tried to draw a binomial tree and realized that
the answer should be greater than 2/3,
but couldn't find out an analytical solution.
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By John
at 2011-02-03T11:13
at 2011-02-03T11:13
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at 2011-02-07T10:13
at 2011-02-07T10:13
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at 2011-02-08T06:12
at 2011-02-08T06:12
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