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Applied Mathematics 2023
Competing Patterns in Bernoulli Sequence of TrialsDOI: 10.4236/am.2023.145019, PP. 314-323 Keywords: Competing Patterns, Bernoulli Sequence of Trials, Game Theory Abstract: Consider performing a sequence of Bernoulli trials (each resulting in either a success, denoted S, or a failure F, with a probability of p and q := 1 - p respectively) until one of m specific strings (or patterns) of consecutive outcomes is generated. This can be seen as a game where m players select one such pattern each and the one whose pattern occurs first wins. We present symbolic formulas for the m probabilities of winning, and for the mean number of trials and the corresponding standard deviation to complete this game. Several numerical examples are presented, including a search for optimal strategy.
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