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Three players start with initial capitals of\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$s_{1},s_{2},s_{3}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:mrow>\n                            <mml:msub>\n                              <mml:mi>s<\/mml:mi>\n                              <mml:mn>1<\/mml:mn>\n                            <\/mml:msub>\n                            <mml:mo>,<\/mml:mo>\n                            <mml:msub>\n                              <mml:mi>s<\/mml:mi>\n                              <mml:mn>2<\/mml:mn>\n                            <\/mml:msub>\n                            <mml:mo>,<\/mml:mo>\n                            <mml:msub>\n                              <mml:mi>s<\/mml:mi>\n                              <mml:mn>3<\/mml:mn>\n                            <\/mml:msub>\n                          <\/mml:mrow>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    dollars; in each round player\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$P_{m}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:msub>\n                            <mml:mi>P<\/mml:mi>\n                            <mml:mi>m<\/mml:mi>\n                          <\/mml:msub>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    is selected with probability\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$\\frac{1}{3}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:mfrac>\n                            <mml:mn>1<\/mml:mn>\n                            <mml:mn>3<\/mml:mn>\n                          <\/mml:mfrac>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    ; then\n                    <jats:italic>he<\/jats:italic>\n                    selects player\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$P_{n}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:msub>\n                            <mml:mi>P<\/mml:mi>\n                            <mml:mi>n<\/mml:mi>\n                          <\/mml:msub>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    and they play a game in which\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$P_{m}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:msub>\n                            <mml:mi>P<\/mml:mi>\n                            <mml:mi>m<\/mml:mi>\n                          <\/mml:msub>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    wins from (resp. loses to)\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$P_{n}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:msub>\n                            <mml:mi>P<\/mml:mi>\n                            <mml:mi>n<\/mml:mi>\n                          <\/mml:msub>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    one dollar with probability\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$p_{mn}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:msub>\n                            <mml:mi>p<\/mml:mi>\n                            <mml:mrow>\n                              <mml:mi>mn<\/mml:mi>\n                            <\/mml:mrow>\n                          <\/mml:msub>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    (resp.\n                    <jats:inline-formula>\n                      <jats:alternatives>\n                        <jats:tex-math>$$p_{nm}=1-p_{mn}$$<\/jats:tex-math>\n                        <mml:math xmlns:mml=\"http:\/\/www.w3.org\/1998\/Math\/MathML\">\n                          <mml:mrow>\n                            <mml:msub>\n                              <mml:mi>p<\/mml:mi>\n                              <mml:mrow>\n                                <mml:mi>nm<\/mml:mi>\n                              <\/mml:mrow>\n                            <\/mml:msub>\n                            <mml:mo>=<\/mml:mo>\n                            <mml:mn>1<\/mml:mn>\n                            <mml:mo>-<\/mml:mo>\n                            <mml:msub>\n                              <mml:mi>p<\/mml:mi>\n                              <mml:mrow>\n                                <mml:mi>mn<\/mml:mi>\n                              <\/mml:mrow>\n                            <\/mml:msub>\n                          <\/mml:mrow>\n                        <\/mml:math>\n                      <\/jats:alternatives>\n                    <\/jats:inline-formula>\n                    ). When a player loses all his capital he drops out; the game continues until a single player wins by collecting everybody\u2019s money. This is a \u201cstrategic\u201d version of the classical Gambler\u2019s Ruin game. It seems reasonable that a player may improve his winning probability by judicious selection of which opponent to engage in each round. We formulate the situation as a\n                    <jats:italic>stochastic game<\/jats:italic>\n                    and prove that it has at least one Nash equilibrium in stationary deterministic strategies.\n                  <\/jats:p>","DOI":"10.1007\/s13235-025-00641-7","type":"journal-article","created":{"date-parts":[[2025,4,9]],"date-time":"2025-04-09T18:35:06Z","timestamp":1744223706000},"page":"866-883","update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":0,"title":["Three-Gambler Ruin Game: A Game Theoretic Analysis"],"prefix":"10.1007","volume":"16","author":[{"given":"Athanasios","family":"Kehagias","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Georgios","family":"Gkyzis","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Anastasios","family":"Karakoulakis","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"given":"Aris","family":"Kyprianidis","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"297","published-online":{"date-parts":[[2025,4,9]]},"reference":[{"key":"641_CR1","doi-asserted-by":"crossref","unstructured":"Amano K et al (2001) On a generalized ruin problem. 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