| Article ID: | iaor20014030 |
| Country: | United Kingdom |
| Volume: | 52 |
| Issue: | 3 |
| Start Page Number: | 352 |
| End Page Number: | 357 |
| Publication Date: | Mar 2001 |
| Journal: | Journal of the Operational Research Society |
| Authors: | Freeman J.M. |
| Keywords: | markov processes, programming: dynamic |
Variants on the HI-LO gaming problem are analysed from a stochastic dynamic programming perspective. By way of illustration, the basic (Markovian) procedure is used to generate initial results for a contemporary British TV game contest. Related analysis enables players' round by round attitude to risk to be estimated non-subjectively.