6 You have 3 but want 8 You can play a sequence of independent (unfavourable) games each of which has is p 0 4 probability of winning You can stake any amount k up to your current wealth on a game if you win then you gain an extra k, otherwise you lose your stake Suppose you employ the bold strate...

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6. You have 3 but want 8. You can play a sequence of independent (unfavourable) games...

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Statistics The Exploration & Analysis Of Data

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6. You have 3 but want 8. You can play a sequence of independent (unfavourable) games...

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Statistics The Exploration & Analysis Of Data

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