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[Shiny App] Gambler's Ruin

[Shiny App] Gambler's Ruin

The Gambler’s Ruin is a well-known problem that can be used to illustrate a variety of probability concepts.

Two players are playing a game against each other, betting the same amount on each turn (here, we use $1). On each turn of the game, Player A has a fixed probability p of winning $1 from Player B, where 0<p<1. The probability that Player B will win $1 from Player A is 1-p. Player A and Player B each start with some...

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Adam Smith
Adam Smith (Home Educator)
22 weeks ago
It was very interesting, thanks!
Time spent reviewing site: 2 hours