Variable wager HI-LO: A stochastic dynamic programming analysis
JM Freeman - Journal of the Operational Research Society, 2001 - Taylor & Francis
JM Freeman
Journal of the Operational Research Society, 2001•Taylor & FrancisVariants on the HI-LO gaming problem are analysed from a stochastic dynamic
programming perspective. By way of illustration, the basic (Markovian) procedure is used to
generate initial results for a contemporary British TV game contest. Related analysis enables
players' round by round attitude to risk to be estimated non-subjectively.
programming perspective. By way of illustration, the basic (Markovian) procedure is used to
generate initial results for a contemporary British TV game contest. Related analysis enables
players' round by round attitude to risk to be estimated non-subjectively.
Abstract
Variants on the HI-LO gaming problem are analysed from a stochastic dynamic programming perspective. By way of illustration, the basic (Markovian) procedure is used to generate initial results for a contemporary British TV game contest. Related analysis enables players' round by round attitude to risk to be estimated non-subjectively.
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