How to gamble against all odds
Bavly, Gilad; and Peretz, Ron
(2013)
How to gamble against all odds
[Working paper]
We compare the prediction power of betting strategies (aka martingales) whose wagers take values in different sets of reals. A martingale whose wagers take values in a set A is called an A-martingale.A set of reals B anticipates a set A, if for every A-martingale there is a countable set of B-martingales, such that on every binary sequence on which the A-martingale gains an infinite amount at least one of the B-martingales gains an infinite amount, too. We show that for a wide class of pairs of sets A and B, B anticipates A if and only if A is a subset of the closure of rB, for some r > 0, e.g., when B is well ordered (has no left-accumulation points). Our results answer a question posed by Chalcraft et al. (2012).
| Item Type | Working paper |
|---|---|
| Copyright holders | © 2013 The Author |
| Departments | Mathematics |
| Date Deposited | 21 Nov 2013 11:17 |
| URI | https://researchonline.lse.ac.uk/id/eprint/54506 |
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- http://eprints.lse.ac.uk/59542/ (Related Item)
- http://www.lse.ac.uk/maths/home.aspx (Official URL)
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