Variable wager HI-LO: a stochastic dynamic programming analysis

Authors
Freeman, JM
Citation
Jm. Freeman, Variable wager HI-LO: a stochastic dynamic programming analysis, J OPER RES, 52(3), 2001, pp. 352-357
Citations number
15
Categorie Soggetti
Management,"Engineering Mathematics
Journal title
JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY
ISSN journal
01605682 → ACNP
Volume
52
Issue
3
Year of publication
2001
Pages
352 - 357
Database
ISI
SICI code
0160-5682(200103)52:3<352:VWHASD>2.0.ZU;2-A
Abstract
Variants on the HI-LO gaming problem are analysed from a stochastic dynamic programming perspective. By way of illustration, the basic (Markovian) pro cedure is used to generate initial results for a contemporary British TV ga me contest. Related analysis enables players' round by round attitude to ri sk to be estimated non-subjectively.