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betting simulation

$30-250 USD

Closed
Posted over 9 years ago

$30-250 USD

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Project is a computer simulation to play a million events of a simple game. Each event consists of drawing a ticket from a hat that contains 3 winning tickets and 2 losing tickets. And for each event a bet is made. Begin with a bet of $1000. If a winning ticket is drawn, increase the next bet by $5, and if a losing ticket is drawn, decrease the bet by $8. And continue this way for all bets of $1000 or higher. For all bets that fall below $1000, (which will happen if more losing tickets have been drawn), the amount to be decreased is different. On bets of less than $1000, if a winning ticket is drawn, increase the next bet by $5, and if a losing ticket is drawn, decrease the next bet by $7. The purpose in playing this betting strategy a million times is not so much to determine whether it will win or lose at this game in the long run, but rather to get a STATISTICAL PRINTOUT of the number of wins and losses at every amount bet. One final thing: In the statistical printout, I need to know the amount of the last (the millionth) bet made in every run of a million events. It would be nice to have the option to change the game and betting strategy to experiment with other possibilities, but that is not necessary.
Project ID: 6427125

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19 proposals
Remote project
Active 9 yrs ago

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19 freelancers are bidding on average $173 USD for this job
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Hey, I could make that simulation in Matlab and provide you the needed information. In case you prefer any other software please let me know. I will be happy to work on your interesting task. Best, Iva
$100 USD in 3 days
4.9 (23 reviews)
5.5
5.5
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A proposal has not yet been provided
$168 USD in 3 days
5.0 (10 reviews)
4.3
4.3
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Hi. I think I will be able to do this using EXCEL. Can you provide more information if have. Regards
$150 USD in 5 days
5.0 (9 reviews)
4.3
4.3
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This sounds fairly straight forward to code up. Do you have a preferred language you would like this written in and a preferred run environment? Win 64bit? We would just need to go over the finer points of what exact information you need in your statistical printout. Just to be clear, you want to know how many wins and losses you have at $1000, and at $1005, $1010 etc.Thanks.
$138 USD in 5 days
5.0 (7 reviews)
3.9
3.9
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I have done and taught applied statistics, for the last 12 years full-time. Currently in grad school working towards my PhD in applied statistics. I'm sure I can do your project. I specified 14 days because of my erratic schedule. Depending when you award it, I might be able to do it in just a few days. Feel free to contact me with any questions. Bill
$222 USD in 14 days
4.9 (3 reviews)
3.9
3.9
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Hi, I am working as Lead Pricing Analyst in a Fortune 500 MNC. I have worked on business analysis, pricing models, income statements, value-pricing projects etc. Some of the projects which I have done include: 1) Pattern identification: Prepared software to identify repeating patterns due to addition of new data-point. (Project - "Write some Software which can detect Patterns" - 5882496) 2) Time series analysis to determine relationship and prediction of retail petrol vs from wholsale petrol prices (Project - 5332392) 3) Multi-regression for product harvesting strategy using dummy variables wherever applicable. I believe I can help in your work. Please have a look at reviews provided by previous employers. Please contact for further discussion. Regards! Vikas
$166 USD in 5 days
5.0 (3 reviews)
3.5
3.5
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Hi, I am writing to express my interest in your project. I work as a Data Scientist and I have experience in Stochastic Simulation
$111 USD in 3 days
5.0 (3 reviews)
2.4
2.4
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Simple yet effective and powerful simulation in Excel or In python with HTML reporting interface. Customizable interface to simulation Statistical results captured Project is a computer simulation to play a million events of a simple game. Each event consists of drawing a ticket from a hat that contains 3 winning tickets and 2 losing tickets. And for each event a bet is made. Begin with a bet of $1000. If a winning ticket is drawn, increase the next bet by $5, and if a losing ticket is drawn, decrease the bet by $8. And continue this way for all bets of $1000 or higher. For all bets that fall below $1000, (which will happen if more losing tickets have been drawn), the amount to be decreased is different. On bets of less than $1000, if a winning ticket is drawn, increase the next bet by $5, and if a losing ticket is drawn, decrease the next bet by $7. The purpose in playing this betting strategy a million times is not so much to determine whether it will win or lose at this game in the long run, but rather to get a STATISTICAL PRINTOUT of the number of wins and losses at every amount bet. One final thing: In the statistical printout, I need to know the amount of the last (the millionth) bet made in every run of a million events.
$188 USD in 3 days
4.4 (1 review)
2.5
2.5
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At the looking this problem, its looking like the stochastic gambling ruin problem. As a Post Graduate in Statistics and graduate in mathematics, i have a lot of experience in handling statistical data, especially in Time Series Modelling & Forecasting, Regression analysis,correlation , ANOVA, statistical hypothesis testing, Descriptive measure etc. I have done various projects based on statistical concepts with the help of different statistical software packages like R, SPSS, Minitab etc. You will highly appreciate my work if you give me a chance to do your work professionally.
$184 USD in 5 days
5.0 (2 reviews)
1.8
1.8
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~~~Master in Mahematical Statistics~~~ Expert: @Probability, Time Series Analysis, Design of Experiment, @Multivariate analysis,Linear Regression analysis, @Bio-Statistics, Actuarial Statistics. Programming (Data analysis tools): # R, SPSS, SAS, STATA, Excel. # Data interpretation and Reporting (using Latex).
$172 USD in 3 days
5.0 (1 review)
1.6
1.6
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Note to our Previous Clients: We have just shifted our Location from United States to Virtual Location in India. Our Services 1. We provide Academic Assistance to Students in United States, Australia & United Kingdom Only. We work in a team with teammates mostly from United States & Australia. 2. We provide Quality services in Engineering, Science, Academic Writing, and Financial Write Ups. 3. We provide IT services with the help of talented pool of experts from the Global IT hub INDIA. IT teammate’s works for Microsoft, Google & Face book like reputed Organization in silicon Valley INDIA. Our Commitment 1. Deliver what we promise 2. Deliver before time 3. Price, what you are willing to pay 4. 100% Accuracy, 100% Original, 100% Satisfaction Regards Full Grade Team
$133 USD in 3 days
5.0 (1 review)
1.0
1.0
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Hello There, I am a statistician. I am interested in your job. Do you need the whole program writing for the project or you only want to see the output of loss and winning? I am comfortable for both. Can we use R-programming for the simulation? This job is not very tough for me. Allow me to do the job within any given dealine. Thanks, Kazi
$277 USD in 7 days
4.8 (1 review)
0.3
0.3
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Hi, my name is Elisabetta Crescio, I am native italian. I have a PhD in physics and I've been working for years in simulation programs about particle physics (in C++ framework). I've also a master degree in mathematics, actually in statistics and probability field. I am able to write the simulation program and to do the statistical analysis of the results. I use open source software. Thank you in advance for reading my bid. Best regards.
$222 USD in 8 days
0.0 (0 reviews)
0.0
0.0
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Hello. I am working towards a PhD in mathematics, in particular in fluid mechanics. Part of my research relies on my programming skills on Matlab so I fullfill the technical requirements for this job. I have experience in programming Markov Chain Monte Carlo samplers, so this project is way under my belt. I will be glad to answer any question you may have before hiring me.
$222 USD in 3 days
0.0 (0 reviews)
0.0
0.0
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$222 USD in 7 days
0.0 (0 reviews)
0.0
0.0
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I've done Monte Carlo simulations before, and I think this one fits right in. I may not be the best visual graphics designer for the interface of the simulation program, but the interface I am thinking of will be simple and will contain all boxes needed for each of your game variables. It will be in C#. In the GUI, there will be boxes to input the; - initial bid (default $1000) - number of runs (default 1million) - total number of tickets/winning tickets/losing tickets (default 5/3/2) - bet increase when current bid is equal to or above $1000 (default $5) - bet decrease when current bid is equal to or above$1000 (default $8) - bet increase when current bid is below $1000 (default $5) - bet decrease when current bid is below $1000 (default $7) All the above inputs can be changed by the user. It will show the Current Bid and the Current Run number. It will also show the tally of wins and loss for each bet amount, with a plot that can be shown at the end of the run. The amount of the final bet will also be shown.
$200 USD in 14 days
0.0 (0 reviews)
0.0
0.0
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Besides the computational simulation I can also provide an approximate analytical result. >The frequencies at which a certain bid occurs are reflected by the rates at which the bids goes up and down per game. Let the non-normalized frequency distribution be described by an exponential function, f(p) = e^(-c*(p-1000)), with p the bidding price and c a certain rate at which the frequency falls of as the bidding is further away from 1000 dollar. Now we must have f(p) = 0.6 f(p-5) + 0.4 f(p+8), for p>1000 Filling in the function gives e^(-c*0) = 0.6 e^(c*5) + 0.4 e^(-c*8) And this can be solved computationally giving c=0.00995377, so for p>1000 the distribution goes like f = exp(-0.00995377*(p-1000)) You can now do these calculations quickly for all kinds of parameters. So for instance also the other side of the distribution when p<1000. > For a sufficiently large number of games the distribution should approach the above described analytical result. The computational simulation can be focused on short strings of games to see how the result deviates because the chance for p to be close to 1000 is initially larger. > You can get a result with a theoretic distribution and then distributions for varying stages in the string of 1000000 games.
$138 USD in 3 days
0.0 (0 reviews)
0.0
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Hi. I'm a gaming professional with about 8 years of working experience with slot machines and statistical simulations. I've written a lot of simulations like the one you requested. What programming language do you prefer for the implementation of this simulation? In my opinion R or python are the best choices for this kind of project. I would implement this simulation in python. With the use of pypy this simulation can be pretty fast. The simulation should be seperated into 4 different parts: - Simulator: Class for managing the whole simulation - Game: Class containing the game logic - Strategy: Class containing the strategy logic - Statistics: Collecting and printing the stats All source files will be fully documented with comments.
$155 USD in 3 days
0.0 (0 reviews)
0.0
0.0
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I work with Matlab, and I am a Teaching Assistant in the Industrial Engineering Faculty in my University. I teach Industrial Statistics and Design of Experiments
$88 USD in 2 days
0.0 (0 reviews)
0.0
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