Optimal policies for playing variable wager HI-LO
| Autor: | J M Freeman |
|---|---|
| Rok vydání: | 2009 |
| Předmět: |
Marketing
021103 operations research Operations research business.industry Computer science Strategy and Management 0211 other engineering and technologies Information technology 02 engineering and technology Management Science and Operations Research Purchasing Management Information Systems Variety (cybernetics) Microeconomics Variable (computer science) Capital (economics) 0202 electrical engineering electronic engineering information engineering Information system Production (economics) 020201 artificial intelligence & image processing Project management business |
| Zdroj: | Journal of the Operational Research Society. 60:79-83 |
| ISSN: | 1476-9360 0160-5682 |
| DOI: | 10.1057/palgrave.jors.2602520 |
| Popis: | Use of the HI-LO procedure by the gaming industry is ubiquitous—hence playing strategies of interest to gamblers and machine providers alike. Players’ tactics necessarily depend on goals being pursued and consistent with these, a variety of schemes ranging from the ‘aggressive’ to the ‘timid’ have evolved. Characteristics of the some of the best known of these—as far as they are applicable to a variable wager version of the HI-LO routine—are considered and contrasted. Of interest, results for a relatively risk-aversive scheme, played over a finite number of rounds are reconciled with those obtained asymptotically when maximizing capital growth is the priority. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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