Central Limit Theorem, Random Walk, Brownian Motion
Central Limit Theorem, Random Walk, Brownian Motion
Central Limit Theorem, Random Walk, Brownian Motion
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Gambler’s RuinCLT and<strong>Random</strong><strong>Walk</strong>JeffreySchenkerRemember, we each start with $10.A GameWorking onthe ProblemInterlude:Gambler’sRuinCLTRand. <strong>Walk</strong><strong>Brownian</strong><strong>Motion</strong>The game stops when your total winnings W nreach either$10 (you win all my money)or −$10 (I win all your money)But, will the game always reach an end?How can we tell?