Statistical Modeling to Inform Optimal Game Strategy: Markov Plays H-O-R-S-E

Citation
Thaddeus Tarpey et R. Todd Ogden, Statistical Modeling to Inform Optimal Game Strategy: Markov Plays H-O-R-S-E, American statistician , 70(2), 2016, pp. 181-186
Journal title
ISSN journal
00031305
Volume
70
Issue
2
Year of publication
2016
Pages
181 - 186
Database
ACNP
SICI code
Abstract
We illustrate practical uses of logistic regression and Markov chains by applying these concepts to the problem of developing optimal strategy in the popular basketball game of H-O-R-S-E. Based on data collected by the authors, we estimate model parameters for each author, describe strategies of optimizing each author.s probability of winning, and calculate the stationary distribution of a Markov chain that arises from the game.