[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.4134/JKMS.j220060

ON LIMIT BEHAVIOURS FOR FELLER'S UNFAIR-FAIR-GAME AND ITS RELATED MODEL

An, Jun (College of Mathematics and Statistics Chongqing Technology and Business University)

Publication Information

Journal of the Korean Mathematical Society / v.59, no.6, 2022 , pp. 1185-1201 More about this Journal

Abstract

Feller introduced an unfair-fair-game in his famous book [3]. In this game, at each trial, player will win 2^k yuan with probability p_k = 1/2^kk(k + 1), k ∈ ℕ, and zero yuan with probability p₀ = 1 - Σ^∞_k=1 p_k. Because the expected gain is 1, player must pay one yuan as the entrance fee for each trial. Although this game seemed "fair", Feller [2] proved that when the total trial number n is large enough, player will loss n yuan with its probability approximate 1. So it's an "unfair" game. In this paper, we study in depth its convergence in probability, almost sure convergence and convergence in distribution. Furthermore, we try to take 2^k = m to reduce the values of random variables and their corresponding probabilities at the same time, thus a new probability model is introduced, which is called as the related model of Feller's unfair-fair-game. We find out that this new model follows a long-tailed distribution. We obtain its weak law of large numbers, strong law of large numbers and central limit theorem. These results show that their probability limit behaviours of these two models are quite different.

Keywords

Feller's unfair-fair-game; probability limit behaviour; long-tailed distribution; central limit theorem;

Citations & Related Records

Reference

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