TY - JOUR
T1 - Effective martingales with restricted wagers
AU - Peretz, Ron
N1 - Publisher Copyright:
© 2015 Published by Elsevier Inc.
PY - 2015/12/1
Y1 - 2015/12/1
N2 - The classic model of computable randomness considers martingales that take real or rational values. Recent work shows that fundamental features of the classic model change when the martingales take integer values. We compare the prediction power of martingales whose wagers belong to three different subsets of rational numbers: (a) all rational numbers, (b) rational numbers excluding a punctured neighborhood of 0, and (c) integers. We also consider three different success criteria: (i) accumulating an infinite amount of money, (ii) consuming an infinite amount of money, and (iii) making the accumulated capital oscillate. The nine combinations of (a)-(c) and (i)-(iii) define nine variants of computable randomness. We provide a complete characterization of the relations between these notions, and show that they form five linearly ordered classes.
AB - The classic model of computable randomness considers martingales that take real or rational values. Recent work shows that fundamental features of the classic model change when the martingales take integer values. We compare the prediction power of martingales whose wagers belong to three different subsets of rational numbers: (a) all rational numbers, (b) rational numbers excluding a punctured neighborhood of 0, and (c) integers. We also consider three different success criteria: (i) accumulating an infinite amount of money, (ii) consuming an infinite amount of money, and (iii) making the accumulated capital oscillate. The nine combinations of (a)-(c) and (i)-(iii) define nine variants of computable randomness. We provide a complete characterization of the relations between these notions, and show that they form five linearly ordered classes.
UR - http://www.scopus.com/inward/record.url?scp=84946200039&partnerID=8YFLogxK
U2 - 10.1016/j.ic.2015.10.001
DO - 10.1016/j.ic.2015.10.001
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AN - SCOPUS:84946200039
SN - 0890-5401
VL - 245
SP - 152
EP - 164
JO - Information and Computation
JF - Information and Computation
ER -