Are you an EPFL student looking for a semester project?
Work with us on data science and visualisation projects, and deploy your project as an app on top of Graph Search.
Lecture
Dynamic Programming Recap
Description
This lecture covers a recap of dynamic programming, focusing on elements of modeling such as horizon, state & action space, terminal cost, and transition dynamics. The instructor explains the optimal betting strategy in a gambling problem using dynamic programming, showing that the gambler should stake 1/3 of their money each round. The correctness of the strategy is verified for different scenarios, including when the probability of winning is 1. The expected logarithm of the terminal capital is calculated under the optimal betting strategy.
Official source
About this result
This page is automatically generated and may contain information that is not correct, complete, up-to-date, or relevant to your search query. The same applies to every other page on this website. Please make sure to verify the information with EPFL's official sources.