Parity and Ruin in a Stochastic Game

Details Parity and Ruin in a Stochastic Game Parity and Ruin in a Stochastic Game

2001-08-25

arxiv.org/abs/nlin/0108047v1

Eur. Phys. Jour. B 25, 239 (2002)

Nonlinear Sciences

Adaptation and Self-Organizing Systems

4 pages, 1 figure

Scientific paper

10.1140/epjb/e20020027

We study an elementary two-player card game where in each round players compare cards and the holder of the smallest card wins. Using the rate equations approach, we treat the stochastic version of the game in which cards are drawn randomly. We obtain an exact solution for arbitrary initial conditions. In general, the game approaches a steady state where the card densities of the two players are proportional to each other. The leading small size behavior of the initial card densities determines the corresponding proportionality constant, while the next correction governs the asymptotic time dependence. The relaxation towards the steady state exhibits a rich behavior, e.g., it may be algebraically slow or exponentially fast. Moreover, in ruin situations where one player eventually wins all cards, the game may even end in a finite time.

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