Recursionhard
0:00.0
In the Gambler's Ruin problem, the probability of reaching dollars (winning) before going broke (reaching $0), starting from dollars, satisfies:
with boundary conditions and . This rearranges to the linear recurrence . Which is the closed form for ?
In the Gambler's Ruin problem, the probability of reaching dollars (winning) before going broke (reaching $0), starting from dollars, satisfies: with boundary conditions and . This rearranges to the linear recurrence . Which is the closed form for ?