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A very similar card game played by deciding when to stop flipping cards from a deck where red is $1 and black is −$1 as described in Timothy Falcon’s quantitati
by fancy_pantser 2y ago
A very similar card game played by deciding when to stop flipping cards from a deck where red is $1 and black is −$1 as described in Timothy Falcon’s quantitative-finance interview book (problem #14). Gwern describes it and also writes code to prove out an optimal stopping strategy: https://gwern.net/problem-14 https://gwern.net/problem-14