Published October 2006 | Version v1
Journal article

Strange attractors in a chaotic coin flip simulation

  • 1. Department of Computer Information Systems and Technology, University of Maryland, University College, 3501 University Blvd East, Adelphi, MD 20783-8084 (United States)

Description

Presented is a computer simulation used to model a variation of the game known as the gambler's ruin. A rich player gambles with a set amount of money m. The poor player starts out with zero capital, and is allowed to flip a coin in order to try to win the money. If the coin is heads, the poor player wins a dollar but if it is tails, the player loses a dollar. The poor player is always allowed to win the first flip, and is allowed to flip n times, even when the amount of money lost reaches zero. The dynamics of this process is chaotic due to fluctuations in the variance of the amount of money

Additional details

Identifiers

DOI
10.1016/j.chaos.2005.09.001;
PII
S0960-0779(05)00830-1;

Publishing Information

Journal Title
Chaos, Solitons and Fractals
Journal Volume
30
Journal Issue
1
Journal Page Range
p. 1-10
ISSN
0960-0779

INIS

Country of Publication
United Kingdom
Country of Input or Organization
International Atomic Energy Agency (IAEA)
INIS RN
37067197
Subject category
S71: CLASSICAL AND QUANTUM MECHANICS, GENERAL PHYSICS;
Descriptors DEI
ATTRACTORS; CHAOS THEORY; COMPUTERIZED SIMULATION; FLUCTUATIONS; GAME THEORY
Descriptors DEC
MATHEMATICS; SIMULATION; STATISTICS; VARIATIONS

Optional Information

Copyright
Copyright (c) 2005 Elsevier Science B.V., Amsterdam, The Netherlands, All rights reserved.