#1271easyProbability
Gambler's Ruin I
Asked at:Hudson River Trading
Part of:Probability & Counting → Markov Chains & Random WalksProbability & Counting → Random Walks on GraphsProbability & Counting → Martingales, Games & Strategy
Player M has 1 dollars and player N has 2 dollars. Each game gives the winner 1 dollar from the other. As a better player, M wins of the games. They play until one of them is bankrupt. What is the probability that M wins?
Enter your answer rounded to 5 decimal places.
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