• Title of article

    Strange attractors in a chaotic coin flip simulation

  • Author/Authors

    Crystal Cooper، نويسنده ,

  • Issue Information
    دوهفته نامه با شماره پیاپی سال 2006
  • Pages
    10
  • From page
    1
  • To page
    10
  • Abstract
    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.
  • Journal title
    Chaos, Solitons and Fractals
  • Serial Year
    2006
  • Journal title
    Chaos, Solitons and Fractals
  • Record number

    902213