Abstract
For a simple game, the optimal strategy for a Bayesian bettor playing against a Bayesian bookie is found. A necessary and sufficient condition for the bettor’s expected winnings to be positive is given.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 202-204 |
| Number of pages | 3 |
| Journal | Journal of the American Statistical Association |
| Volume | 76 |
| Issue number | 373 |
| DOIs | |
| State | Published - Mar 1981 |
Keywords
- Bayesian decision making
- Betting system