October 2018 Archives

On The Rich Get Richer

The Baron's latest wager set Sir R----- the task of surpassing his score before he reached eight points as they each cast an eight sided die, each adding one point to their score should the roll of their die be less than or equal to it. The cost to play for Sir R------ was one coin and he should have had a prize of five coins had he succeeded.

A key observation when figuring the fairness of this wager is that if both Sir R----- and the Baron cast greater than their present score then the state of play remains unchanged. We may therefore ignore such outcomes, provided that we adjust the probabilities of those that we have not to reflect the fact that we have done so.

Full text...  
 
This site requires HTML5, CSS 2.1 and JavaScript 5 and has been tested with

Chrome Chrome 26+
Firefox Firefox 20+
Internet Explorer Internet Explorer 9+