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Red and Black Experiment

Red and Black Experiment

This resource consists of a Java applet and expository text. The applet simulates the red and black experiment in which a player bets on a sequence of Bernoulli trials until a target fortune is reached or the player is ruined. The initial fortune, target fortune, and trial win probability can be varied, and the user can select either of two basic strategies: timid play or bold play....

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