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Date: | Fri, 15 Oct 2004 11:20:53 -0400 |
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Dear Colleagues,
We continue our Colloquium in the Math Department.
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Thursday, October 21, EMCS 422, 3:00 pm.
Dr. Jeff B.
Risk of Ruin For Positive Expectation Games
Abstract:
In this talk, we will discuss Risk of Ruin in gambling. First we will make
basic comparisons to risk in investment theory. Then we will present
examples and formulas for games whose results are close to being normally
distributed. Finally we will breakdown games with more skewed outcomes,
present an alternate formula for their risk of ruin and provide examples.
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Boris P Belinskiy
Department of Mathematics, Dept. 6956
University of Tennessee at Chattanooga
Ph. (423) 425-4748
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