What's in YOUR wallet?
classification
🧮 math.HO
cs.DMstat.AP
keywords
coinsexpectednumberalgebracertainchainsconditionsconsider
read the original abstract
We use Markov chains and numerical linear algebra -- and several CPU hours -- to determine the expected number of coins in a person's possession under certain conditions. We identify the spending strategy that results in the minimum possible expected number of coins, and we consider two other strategies that are more realistic.
This paper has not been read by Pith yet.
discussion (0)
Sign in with ORCID, Apple, or X to comment. Anyone can read and Pith papers without signing in.