English-Finnish translations for martingale

Definition of martingale

  • A piece of harness used on a horse to keep it from raising its head above a desired point
  • A stochastic process for which the of future values given the sequence of all prior values is equal to the current value
  • A gambling strategy in which one doubles the stake after each loss
  • To employ the martingale strategy in gambling

Examples

  • If a gambler plays a fair game repeatedly, his payoff over time is a martingale

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