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On fair coin-tossing games
Authors:Robert Chen  Alan Zame
Institution:University of Miami USA
Abstract:Let Ω be a finite set with k elements and for each integer n ≧ 1 let Ωn = Ω × Ω × … × Ω (n-tuple) and Ωn = {(a1, a2,…, an) | (a1, a2,…, an) ∈ Ωn and ajaj+1 for some 1 ≦ jn ? 1}. Let {Ym} be a sequence of independent and identically distributed random variables such that P(Y1 = a) = k?1 for all a in Ω. In this paper, we obtain some very surprising and interesting results about the first occurrence of elements in Ωn and in Ω?n with respect to the stochastic process {Ym}. The results here provide us with a better and deeper understanding of the fair coin-tossing (k-sided) process.
Keywords:60G40  60K05  fair coin-tossing process  fair coin-tossing game  the renewal theorem  the Conway Algorithm  stopping time  the taboo first passage probability
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