Mathematics

Natasha Burke

6 August, 08:07

There are k players, with player i having value vi > 0, i = 1, ..., K. In every period, two of the players play a game, while the other k - 2 wait in an ordered line. The loser of a game joins the end of the line, and the winner then plays a new game against the player who is first in line. Whenever i and j play, i wins with probability