Optimal doubling strategy against a suboptimal opponent
Optimal doubling strategy against a suboptimal opponent
For two-person zero-sum games, where the probability of each player winning is a continuous function of time and is known to both players, the mutually optimal strategy for proposing and accepting a doubling of the game value is known. We present an algorithm for deriving the optimal doubling strategy of a player who is aware of the suboptimal strategy followed by the opponent. We also present numerical results about the magnitude of the benefits; the results support the claim that repeated application of the algorithm by both players leads to the mutually optimal strategy.
Doubling, Gambling, Optimal strategy
867-872
Katsikopoulos, Konstantinos V.
b97c23d9-8b24-4225-8da4-be7ac2a14fba
Şimşek, Özgür
2c25947f-5cce-4f31-9e59-79761cd66ab6
1 September 2005
Katsikopoulos, Konstantinos V.
b97c23d9-8b24-4225-8da4-be7ac2a14fba
Şimşek, Özgür
2c25947f-5cce-4f31-9e59-79761cd66ab6
Katsikopoulos, Konstantinos V. and Şimşek, Özgür
(2005)
Optimal doubling strategy against a suboptimal opponent.
Journal of Applied Probability, 42 (3), .
(doi:10.1239/jap/1127322034).
Abstract
For two-person zero-sum games, where the probability of each player winning is a continuous function of time and is known to both players, the mutually optimal strategy for proposing and accepting a doubling of the game value is known. We present an algorithm for deriving the optimal doubling strategy of a player who is aware of the suboptimal strategy followed by the opponent. We also present numerical results about the magnitude of the benefits; the results support the claim that repeated application of the algorithm by both players leads to the mutually optimal strategy.
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Published date: 1 September 2005
Keywords:
Doubling, Gambling, Optimal strategy
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Local EPrints ID: 439264
URI: http://eprints.soton.ac.uk/id/eprint/439264
ISSN: 0021-9002
PURE UUID: 9b46e458-2889-42d6-831d-677dfebcb78a
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Date deposited: 07 Apr 2020 16:31
Last modified: 06 Jun 2024 01:58
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Author:
Özgür Şimşek
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