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Problem of points. The problem of points, also called the problem of division of the stakes, is a classical problem in probability theory. One of the famous problems that motivated the beginnings of modern probability theory in the 17th century, it led Blaise Pascal to the first explicit reasoning about what today is known as an expected value.
An Essay Towards Solving a Problem in the Doctrine of Chances. An Essay Towards Solving a Problem in the Doctrine of Chances is a work on the mathematical theory of probability by Thomas Bayes, published in 1763, [1] two years after its author's death, and containing multiple amendments and additions due to his friend Richard Price. The title ...
Monty Hall problem. In search of a new car, the player chooses a door, say 1. The game host then opens one of the other doors, say 3, to reveal a goat and offers to let the player switch from door 1 to door 2. The Monty Hall problem is a brain teaser, in the form of a probability puzzle, based nominally on the American television game show Let ...
A solved game is a game whose outcome (win, lose or draw) can be correctly predicted from any position, assuming that both players play perfectly.This concept is usually applied to abstract strategy games, and especially to games with full information and no element of chance; solving such a game may use combinatorial game theory and/or computer assistance.
Combinatorial game theory is a branch of mathematics and theoretical computer science that typically studies sequential games with perfect information. Study has been largely confined to two-player games that have a position that the players take turns changing in defined ways or moves to achieve a defined winning condition.
It is now clear that if the warden answers B to A ( 1 / 2 of all cases), then 1 / 3 of the time C is pardoned and A will still be executed (case 4), and only 1 / 6 of the time A is pardoned (case 1). Hence C's chances are ( 1 / 3 )/( 1 / 2 ) = 2 / 3 and A's are ( 1 / 6 )/( 1 / 2 ) = 1 / ...
The Doctrine of Chances. Front page of the 1st edition of the " Doctrine of Chances ". The Doctrine of Chances was the first textbook on probability theory, written by 18th-century French mathematician Abraham de Moivre and first published in 1718. [1] De Moivre wrote in English because he resided in England at the time, having fled France to ...
The St. Petersburg paradox or St. Petersburg lottery[1] is a paradox involving the game of flipping a coin where the expected payoff of the lottery game is infinite but nevertheless seems to be worth only a very small amount to the participants. The St. Petersburg paradox is a situation where a naïve decision criterion that takes only the ...