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- #1

- Apr 13, 2013

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Consider a gamble,with the same possibility to win or to lose.If we win,we double our property,but if we lose we halve our property.Let's consider that we begin with an amount c.Which will be the mean value of our property,if we play n times(independent repetitions of the game)???

Is there any recurrence relation for the expectation for the time n???

Thanks in advance!!!