Win or Lose? Listen to a Martingale!
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The author did not learn probability theory properly whenit was taught to him as an undergraduate. However, nowthat he has to teach, it has become a fascination. The problemstated below was given to second year students of theIISER BS-MS programme as an examination question; theyanswered it in interesting ways. An earlier article in Resonance
[1] also talks about martingales.
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