Published October 2006
| Version v1
Journal article
Strange attractors in a chaotic coin flip simulation
Creators
- 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.