How to gamble if you’re in a hurry, colorfully

The trio of Ekhad, Georgiadis and Zeilberger evidently had a good time writing this statistico-mathematical paper:

How to Gamble If You’re In a Hurry

arXiv:1112.1645, Dec 7, 2011

“The beautiful theory of statistical gambling, started by Dubins and Savage (for subfair games) and continued by Kelly and Breiman (for superfair games) has mostly been studied under the unrealistic assumption that we live in a continuous world, that money is indefinitely divisible, and that our life is indefinitely long. Here we study these fascinating problems from a purely discrete, finitistic, and computational, viewpoint, using Both Symbol-Crunching and Number-Crunching (and simulation just for checking purposes).”

(HT Technology Review)

BONUS: Similar fun, fun, fun from two of the three