Abstract
Variants on the HI-LO gaming problem are analysed from a stochastic dynamic programming perspective. By way of illustration, the basic (Markovian) procedure is used to generate initial results for a contemporary British TV game contest. Related analysis enables players' round by round attitude to risk to be estimated non-subjectively.
| Original language | English |
|---|---|
| Pages (from-to) | 352-357 |
| Number of pages | 5 |
| Journal | Journal of the Operational Research Society |
| Volume | 52 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - Mar 2001 |
Keywords
- dynamic programming, gaming, markov processes, risk, stochastic processes