Question: 3.5.2 Determine the gamblers ruin probability for Player A when both players begin with $50, bet $1 on each play, and where the win probability

3.5.2 Determine the gambler’s ruin probability for Player A when both players begin with $50, bet $1 on each play, and where the win probability for Player A in each game is

(a) p D 0:49292929

(b) p D 0:5029237

(See Chapter 2, Section 2.2.)

What are the gambler’s ruin probabilities when each player begins with

$500?

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