Abstract
For a simple game, the optimal strategy for a Bayesian bettor playing against a Bayesian bookie is found. A necessary and sufficient condition for the bettor’s expected winnings to be positive is given.
Original language | English (US) |
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Pages (from-to) | 202-204 |
Number of pages | 3 |
Journal | Journal of the American Statistical Association |
Volume | 76 |
Issue number | 373 |
DOIs | |
State | Published - Mar 1981 |
Keywords
- Bayesian decision making
- Betting system