Betting Against a Bayesian Bookie
- 1 March 1981
- journal article
- research article
- Published by JSTOR in Journal of the American Statistical Association
- Vol. 76 (373) , 202
- https://doi.org/10.2307/2287068
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.Keywords
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