Abstract
AbstractA (possibly illegal) game of chance, which is described in Chap. 14 of Marc Elsberg’s thriller “GREED”, seems to offer an excellent chance of winning. However, as the gambling starts and evolves over several rounds, the actual experience of the vast majority of the gamblers in a pub is strikingly different. We provide an analysis of this specific game and several of its variants by elementary tools of probability. Thus we also encounter an interesting threshold phenomenon, which is related to the transition from a profit zone to a loss area. Our arguments are motivated and illustrated by numerical calculations with Python.
Funder
Karlsruher Institut für Technologie (KIT)
Publisher
Springer Science and Business Media LLC