Hold or roll: reaching the goal in jeopardy race games
Abstract
We consider a class of dynamic tournaments in which two contestants are faced with a choice between two courses of action. The first is a riskless option (“hold”) of maintaining the resources the contestant already has accumulated in her turn and ceding the initiative to her rival. The second is the bolder option (“roll”) of taking the initiative of accumulating additional resources, and thereby moving ahead of her rival, while at the same time...
Paper Details
Title
Hold or roll: reaching the goal in jeopardy race games
Published Date
Jul 10, 2013
Journal
Volume
76
Issue
3
Pages
419 - 450
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Notes
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