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Title: The Gambler's Ruin Problem
Url: https://mathweb.ucsd.edu/~anistat/gamblers_ruin.html
Creator: Garsia, A.M.
Publisher: University of California, San Diego, Department of Mathematics
Description: This applet allows you to experience the fate of a gambler by simulating the whole gambling session in a matter of seconds. The applet plots the successive rises and falls of the capital during the whole duration of the game. It also displays the maximum and minimum values attained by the capital during the session and allows you to get precise information (by clicking at a point of the histogram) of the amount of capital after that particular bet.
LC Classification: Bibliography. Library science. Information resources (General) -- Subject bibliography -- Mathematics -- Special topics, A-Z -- Bernoulli numbers
Science -- Mathematics -- Mathematical statistics -- Study and teaching. Research
Science -- Mathematics -- Mathematical statistics -- Testing of hypotheses
Science -- Mathematics -- Probabilities -- Study and teaching. Research
Social sciences -- Commerce -- Business -- Accounting. Bookkeeping -- By business or activity -- Gambling. Casinos
GEM Subject: Mathematics -- Statistics
Mathematics -- Probability
Key Concept: Mathematics -- Hypothesis testing
Mathematics -- Probability
Mathematics -- Statistics
Resource Type: Reference Material
Instructional Material
Instructional Material -- Student Guide
Instructional Material -- Demonstration
Instructional Material -- Interactive Simulation
Instructional Material -- Instructor Guide/Manual
Format: Document -- HTML
Application -- Java
Audience: Educator
Learner
Education Level: High School
Higher Education
Higher Education -- Undergraduate (Lower Division)
Higher Education -- Undergraduate (Upper Division)
Higher Education -- Technical Education (Upper Division)
Higher Education -- Technical Education (Lower Division)
Vocational/Professional Development Education
Language: English
Access Rights: Free access
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Source: CAUSEweb
Full Record Views: 22
Resource URL Clicks: 6
Cumulative Rating: NOT YET RATED
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